Buyer's agent

(redirected from Buyers' Agents)

Buyer's Agent

A person or company that represents the potential buyer in a real estate transaction. The buyer's agent, in exchange for a commission or fee, attempts to negotiate the seller to a more favorable price and/or better terms. A buyer's agent contrasts with a real estate agent, who represents the seller.

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.

References in periodicals archive ?
Sellers can also pay a real estate agent a flat fee, often $500 or less, to register a house on the multiple listing service (MLS) so that buyers' agents will become aware of it.
Buyers' agents say the next most important rooms are the master bedroom (42%) and then the kitchen (35%); sellers' agents agree with those rooms, but in reverse order.
Forty-four percent of buyers' agents report that staging a home increased the financial offer on a home.
What was really interesting is, given a set of features, the impact of different words selected to promote houses to buyers and buyers' agents. Over that nine-year period, each positive opinion word boosted sale prices by an average of 0.9 percent.
Since then, the real estate industry itself has undergone significant changes, and savvy buyers' agents, faced with a market where the competition for the few homes that are listed for sale is fierce, are embracing the ReboGateway system as an efficient way to connect their buyers with potential sellers.
While this means that listing agents and sellers are doing well, those buyers' agents who rely on old tactics and don't change with the times are struggling, as are their clients.
“I'm actually having buyers' agents call me and offer to give me their client to represent on both sides of the transaction,” said veteran listing agent and real estate coach Jeff Petsche in a video on ReboReports.com, a Benutech Inc.
Unlike these buyers' agents, who essentially put all the power (and proceeds) in the hands of the listing agents, some buyers' agents are starting to take initiative, looking to create listings specifically for their buyer.
They come with proposed giant classes of alleged victims who have sold and paid millions of dollars in commissions via major MLSs to buyers' agents across the country.
Critics of the American system have long argued that if homebuyers paid the fees for the services rendered for them and negotiated them with the buyers' agents directly total fees would be lower.
In March, the seller of a home in Shorewood, Minnesota, filed suit to challenge this NAR rule, arguing that, among other problems, this system of mandating compensation to the buyers' agent raises total transaction costs.
Buyer's Agent Muriel Bijeau earned top honors for the team's buyers' agents, while independent broker Doug Muhle took the nod among the firm's independent agents.