Buyers
Dear Home Buyer,
Congratulations on your decision to move-up, down-size or purchase your first home. I appreciate the fact that you’ve decided to visit my site and I truly hope I can help you with the process. Whether you are buying in Newton, Brookline, Waltham, Watertown, Arlington, Winchester or any of the surrounding communities, my goal is the same: Help you find the perfect new home in the quickest amount of time at the smartest price with the least frustration.
It’s important to know that buyer agency is a free service and more than 90% of the homes purchased are done so with the help of a buyer agent. Buyer agency is an invaluable offering because it places buyers and sellers on an equal playing field. Obviously, you don’t need an agent to buy a home, but it does make the process easier and it’s a great way to protect your family’s best interest. (For example, one could represent herself in court after gaining an understanding of the law … but it just makes sense to have a professional who works in the business each day looking out for your best interest.)
Please call or email me today to arrange a no hassle, no commitment consultation to further discuss buyer agency, the market and the specific things I will do to help you find the right home at the best price possible! (Be sure to ask about discounts that I’ve pre-negotiated with my premier service providers to help you save additional money during your purchase.)
Buyer Agency According to Massachusetts Law (Applies to all MA cities, including Newton, Arlington, Winchester, Brookline, Waltham, Watertown):
A buyer can engage the services of a real estate agent to purchase property and the real estate agent is then the agent for the buyer who becomes the agent’s client. This means that the real estate agent represents the buyer. The agent owes the buyer undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality and accountability, provide, however, that the agent must disclose known material defects in the real estate. The agent must put the buyer’s interests first and negotiate for the best price and terms for their client, the buyer. (The buyer may also authorize sub-agents to represent him/her in purchasing property, however the buyer should be aware that wrongful action by the real estate agent or sub-agents may subject the buyer to legal liability for those wrongful actions).
(A designated buyer agent) A real estate agent can be designated by another real estate agent (the appointing or designating agent) to represent either the buyer or seller, provided the buyer or seller expressly agrees to such designation. The real estate agent once so designated is then the agent for either the buyer or seller who becomes their client. The designated agent owes the buyer or seller undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality and accountability, provided, however, that the agent must disclosure known material defects in the real estate. The agent must put their client’s interests first and negotiate for the best price and terms for their client. In situations where the appointing agent designates another agent to represent the seller and an agent to represent the buyer then the appointing agents becomes a dual agent. Consequently a dual agent cannot satisfy fully the duties of loyalty, full disclosure, and obedience to lawful instructions which is required of an exclusive seller or buyer agent. The dual agent does not represent either the buyer or the seller solely only your designated agent represents your interests. The written consent for designated agency must contain the information provided for in the regulations of the Massachusetts Board of Registration of Real Estate Brokers and Salespeople (Board).
Property Search
Comments