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Buyer's agent

   Also found in: Wikipedia 0.02 sec.

Buyer's agent. A buyer's agent represents a buyer in a real estate transaction, negotiating with the seller's agent for a lower price or a contract with more favorable terms.

A real estate agent or broker, on the other hand, represents the seller. Although that agent customarily shows the property to prospective buyers, his or her primary obligation is to the seller.



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Walker points out that a buyer's agent can get paid a commission based on what the house sells for or he or she may also work for a flat fee, on an hourly rate, or a combination of both.
It makes sense for most to enlist the services of a buyer's agent to help you find everything that is available.
Eugenio Sermoneta, a sales associate with Houlihan Lawrence's Somers office, has been awarded the accredited buyer representation designation by the Real Estate Buyer's Agent Council, Inc.
 
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