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 ?
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.
Launched by two lawyers in November 2005 with the aim of providing homebuyers with 100% loyalty from their real estate agent, Buyers Brokers Only, LLC now provides exclusive buyer representation to homebuyers in Massachusetts and New Hampshire, helping homebuyers purchase over 200 homes a year through the Greater Boston Area and Southern New Hampshire.
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.