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.

References in periodicals archive ?
20, 2015 /PRNewswire/ -- Started by two lawyers in November 2005 with the goal of providing homebuyers with 100 percent loyalty from their real estate buyer agent, Buyers Brokers Only, LLC has grown to be one of the largest exclusive buyer agent real estate companies in the United States.
Besides only representing homebuyers and not ever sellers, every buyer agent at Buyers Brokers Only is an attorney.
When we started discussing the possibility of starting an exclusive buyer agency real estate brokerage 10 years ago, we certainly were not thinking about growing to more than 20 buyer agents and 200 transactions per year," Buyers Brokers Only co-founder Richard Rosa said.
Although all the real estate agents at Buyers Brokers Only are attorneys, Buyers Brokers Only isnot a law firm and doesnot provide legal advice to their homebuyer clients; however, the company believes so strongly in the importance of home-buying consumers having a real estate lawyer in their corner that it provides a commission rebate after closing to help pay for the cost of an attorney.
Only about 100 real estate professionals in Massachusetts - and even fewer in New Hampshire - can call themselves exclusive buyer agents," Buyers Brokers Only co-founder David Kres said.
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.