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buyer's broker |
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Buyer's Broker In a real estate transaction, the agent who represents the potential buyer of a property. The buyer's broker is responsible for representing the buyer's interest and trying to achieve the best price and terms on the deal. The buyer's broker receives a commission on the value of the sale of property. buyer's broker An agency relationship in which the broker represents the buyer rather than the seller.This is typical in commercial real estate transactions,but relatively rare in residential real estate brokerage. For residential brokerage, most agents “working with” buyers are actually subagents of the seller. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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