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.
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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Buyers Brokers Only, LLC on Friday reported that it has grown to be one of the largest exclusive buyer agent real estate companies in the US.
All the real estate agents at Buyers Brokers Only, LLC are attorneys, although the company is not a law firm and doesn't provide legal advice to their clients although it does provide a commission rebate after closing to help pay for the cost of an attorney.
Laura Stacey, a real estate broker and lawyer, recently joined Buyers Brokers Only, LLC, an exclusive buyer agency serving eastern Massachusetts and southern New Hampshire, as a real estate broker.