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JUST RELEASED!
HUD recently released its latest version of “Shopping for Your Home Loan – HUD’s Settlement Cost Booklet.” On page 6, it discusses the role of a real estate broker or agent and now includes a bolded reference to exclusive buyer’s agents. It says,
“It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an “exclusive buyer’s agent”, who will be working for you.”
HUD recently released its latest version of “Shopping for Your Home Loan – HUD’s Settlement Cost Booklet.” On page 6, it discusses the role of a real estate broker or agent and now includes a bolded reference to exclusive buyer’s agents. It says,
“It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an “exclusive buyer’s agent”, who will be working for you.”
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"Exclusive agencies remove any conflict of interest."
Kiplinger's Changing Times
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USA Today
"Most agents ...work for the seller, and their object is to sell the house for the highest possible price."
U.S News & World Report
The best buyer agents are no longer a secret. The word is out about Exclusive Buyer Agents (EBA's) the only agents dedicated to only serving you, the real estate buyer. Traditionally, real estate transactions favored the seller. In the mid-1990's, it became the buyers' turn to level the playing field. Savvy buyers wanted the benefits of real estate representatives who were working for their interests esclusively.
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"A buyer broker (is) legally obligated to represent your interests
in any negotiations with sellers. The Consumer Federation of America and AARP recommended using buyer's agents."
in any negotiations with sellers. The Consumer Federation of America and AARP recommended using buyer's agents."
Smart Money Magazine
“Buyer brokers have the buyer’s interests in mind. They act as a personal advocate, hunting for the right house and haggling with the seller’s agent. In fact, a 1992 study by a national long distance phone company, found that 200 relocating workers who used buyer brokers paid an average of 91% of the offering price, whereas those using traditional brokers paid 96%.”
Diversion Magazine for Physicians
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Ron Jensrud
11900 Wayzata Boulevard Suite 214 • Minnetonka, MN 55305
Phone: (612)272-1520 •
