buyer's broker

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.

References in periodicals archive ?
com)-- Tom Coler, Accredited Buyer's Representative (ABR), long time licensed Florida real estate law instructor, and an early advocate of buyer representation, is owner of Buyer's Broker of Southwest Florida.
Real Estate Agency established 27 years serving exclusively as the buyer's broker.
A spokesperson for the Department of State, Gabe Roth, said the agency would likely take action in the case of the above scenario whether the listing was exclusive or not, because of an effort to prohibit the use of a buyer's broker.
David Bouverat, Licensed Real Estate Broker and exclusive buyer's broker, doesn't sell real estate or accept seller listings.
They could be a buyer's broker with one customer and simultaneously a seller's agent handling a listing for another customer.
Also, real estate offices that specialize in serving as the buyer's broker are increasing in number.
In the existing process, when the seller pays the buyer's broker commission, there is a conflict of interest.
I listed the house and received a call shortly after placing it online from the buyer's broker, who had also shown several of my other houses to these buyers.
Information on the buyer's broker was not immediately available.
For this reason, you may want to consider a buyer's broker.
Believing buyers' agents provide their customers with a significant level of knowledge and service during the home-buying process, homebytes recommends that its clients offer a competitive commission for the buyer's broker in their MLS listing.
Brooklyn home buyers and investors will now be able to enlist an exclusive buyer's broker to look after their best interests.