Talk:Exclusive buyer agent

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As reported by Consumer Reports, from their May 2005 issue...and from a July of 2008 blog post:

http://www.true-agent.com/consumer_reports.pdf

http://www.true-agent.com/consumer_reports2.pdf

In each case, you'll find a paragraph--or two--which are enclosed in a red rectangle which I've added. The enclosed parts deal specifically with exclusive buyer agents. These articles are being provided only for the sake of enhancing this discussion.

Jay Reifert, Broker/Owner Excel-Exclusive Buyer Agency Madison, Wisconsin —Preceding unsigned comment added by 24.183.56.205 (talk) 12:21, 11 July 2008 (UTC)

Delete this rubbish

Viva-Verdi (talk) 04:30, 10 May 2008 (UTC)

This is one of the most poorly written (or simply copied from some PR handout) that I've seen on Wikipedia. I would hope that the editor(?) who has replaced the deleted "Hold on" section would get to work and write a proper article, since it is a perfectly legitimate topic. Viva-Verdi (talk) 04:46, 10 May 2008 (UTC)

Insulting...to call it Rubbish.

It was not copied, and it is entirely legitimate. I apologize for not writing it better, I will attempt to edit.

Exclusive Buyer Agents are a type of real estate practitioner that has given up the listing side of the deal to ensure unconflicted representation. It is a very ethical business model.

I removed any reference to a specifc company since I thought that may have been the problem.

Please be specific with complaints, I will alter and provide documentation.

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I rewrote it with just the facts, I think more clearly this time...please make complaints specific if anything is still disputed. Thanks, Jack (John Herman)

EBAs are endorsed by Ralph Nadar and every consumer protection group. Very legitimate and real. —Preceding unsigned comment added by Americanjack (talk • contribs) 04:57, 10 May 2008 (UTC)

No references, and stinks of original research. Booglamay (talk) 10:18, 10 May 2008 (UTC)

Not original research or opinion.

Sources NAEBA.org. The trade association.

Article in the RealtyTimes on EBA: http://realtytimes.com/rtpages/19980918_buyeragency.htm

Excepts from more BACKGROUND articles:

Real Estate and Buyer Agency News "A conflict of interest is more likely when a real estate firm that represents sellers assigns you one of its brokers as a buyer agent. That's why many people believe an "exclusive" buyer broker is preferable. If there aren't any in your area, and you have to use a listing broker, "make sure they disclose when they are showing you properties they have a financial interest in," says Stephen Brobeck, executive director of the Consumers Federation of America." Business Week

"Agents: How to hire one for your side." "Most agents who show you homes don't represent your interests. They work for the seller, and their object is to sell the house for the highest possible price." USA Today

"You have a whole new evolution of practice in the marketplace," said Sharon Millet, a Maine real estate broker who headed the 22–member NAR task force that issued the report. Millet said that the report's recommendations are designed to give home buyers and sellers easier access to the "kind of representation" that they want." Washington Post

'Buyer Advocacy appears to be taking off." "I'll never buy a house any other way." – Mrs. Renee Talley, Highland Park TX Wall Street Journal "Exclusive agencies are the best. They remove any conflict of interest, which is the main reason for considering a buyer broker in the first place. Kiplinger's CHANGING TIMES

"To Buyers: If you want representation, work with a buyer broker. They are legally obligated to represent your interests in any negotiations with sellers." The Consumer Federation of America " Groups such as the Consumer Federation of America and AARP recommend using buyer's agents. SmartMoney Magazine , June 1995

"Many people don't realize that, unless specifically stated otherwise, brokers are legal representatives of sellers. A buyer broker, representing only the buyer, may be able to secure a better price and better terms." Good Housekeeping

"When one salesperson has a home listed for sale, and another salesperson working for the same brokerage locates a buyer, the second salesperson can't be a true buyer's agent. Why? Because both people work for the same brokerage. A "dual agency" with both buyer and seller is the usual solution. To solve this problem, a few states are experimenting with laws allowing the agent who finds a buyer for a home listed with the same brokerage to be a fully disclosed buyer's agent for the buyer. This "legal fiction" enables the buyer to work with his own agent who, by law, doesn't also represent the seller." Robert J. Bruss – Real Estate Weekly/The Virginian–Pilot

"Buyer brokers: agents that buyers can call their own...If your real estate agent isn't a buyer broker, he works for the seller...Buyers no longer have to fend for themselves." U.S. News & World Report

"Level the playing field when you buy a home...You may get a better deal with your own broker pulling for you...The introduction of buyer brokers takes a horribly one–sided process and simply makes it fair," says one broker." Medical Economics

"Buyer brokerage is becoming accepted. Unlike traditional real estate arrangements, under which the agent works for the seller, buyer brokers work for the buyer." Florida TODAY