Maybe you are at an Open House. You are the Buyer and YOU FIND YOU ARE working with the Seller's Realtor??? THAT COULD BE A BAD MISTAKE!!
The Seller's Realtor Agent agrees she "technically" represents the seller, but says she will be fair and "take care of YOU?"
Isn't that all YOU need? Really?????
Where is "YOUR Representation" coming from? Unless you are working with YOUR Broker/Agent...YOU may not be properly represented!
Of course agents try to be fair and nice to the buyer since they want to make a sale. But, because they are bound by Real Estate License Laws, the Law of Agency, and their Code of Ethics, they can only do so much without jeopardizing their license to practice.
1. For instance, traditional agents cannot tell you if a property is overpriced or how to negotiate the best purchase price. In this case, "technically" means legally, and if the seller has representation, shouldn't you? As the Buyer's Broker/Agent, we always negotiate only in the best interest of the buyer...and that's you.
2. Exactly how does Riley Scrivner establish this contractual relationship to represent me?
Just as sellers establish a contractual relationship by signing a listing agreement with their agent, you establish a contractual relationship with us by signing a buyer's agency agreement. You may of heard of a Buyer Broker Agreement. This agreement makes us legally accountable to you and not to any seller. The Broker/Agent has very detailed responsibilities to YOU!
3. Does Riley Scrivner have access to all resources like the Multiple Listing Service?
Absolutely yes and even more! I belong to the local listing service (such as the MLS), so I can show you homes listed with this service. In addition, I regularly show homes that are "for sale by owner" and "for sale by builder." I even have access through my personal database of sellers. Our local presence is outstanding. We having the highest County Market Share than any other company! Our "local" network did over 1 Billion dollars in sales last year and growing!!
4. What if I have trouble finding a home that meets my needs?
If you are having trouble finding your dream home, Riley Scrivner can help you choose building lots and builders for custom built homes. In the process, I can save you time, effort, and money!
5. Isn't the agent who shows me homes representing me?
Don't count on it, unless you have a written Agency Agreement. Agents who listed the property normally enter into a signed contract with the sellers to represent them in the sale of their property. This same contract may permit the listing agent to use "sub-agents" to help secure a sale. Unless you have a written Agency Agreement with a real estate agent promising to represent only YOUR best interest, you may find yourself working with an agent who is obligated to act in the best interests of the seller. DO NOT BUY THROUGH A NEW HOME BUILDER'S AGENT.
6. If you work on commission, why would you try to lower the price of a house for me?
If I save you $10,000 on the purchase of your home, I would only earn approximately $150 less in commission. Your goodwill and word of mouth advertising will be worth much more than this. I also have a legal obligation to represent you, and my cient's best interest.
7. I'm moving to another city. How do I find a quality Buyer Broker at my destination?
It's easy. As soon as you find out that you are moving call me. I can provide you with a Buyer Broker/Agent in the area you are relocating. My direct telephone number is 925-200-3908. This may also qualify you for Home Loans For Less Program and the opportunity to obtain a special mortgage loan quote.
8. What is exclusive buyer representation and how did it develop?
In 1983, a Federal Trade Commission study revealed that over 86% of all home buyers nationwide mistakenly believed they were being represented by the agent who was showing them homes. As a result, laws requiring agents to disclose exactly who they represent have been passed all over the country. When consumers became aware that most agents worked for the seller, they began demanding their own representation.
9. How does Riley Scrivner get paid for his services?
There are several ways that Riley Scrivner representing you may be paid. The most common way is the same way other real estate agents are paid: the typical commission paid at closing is usually divided between the listing broker and your Broker. The only difference is that our contract says our portion of the commission is paid "on behalf of the buyer" and comes from the proceeds of the transaction. This statement also secures your representation and discloses it to the seller. Because our fee comes from the proceeds of the transaction, IN MOST CASES THERE IS NO NEED FOR YOU TO INCUR ADDITIONAL COSTS FOR OUR SERVICES.
10. Does the legal responsibility that accompanies this type of contractual relationship really matter to me?
Absolutely. If you had to go to court, would you use the same attorney the opposing side was using? Responsibility and accountability to a client are two legal requirements of agency representation. By law, real estate licensees who act as seller's agents must negotiate in the best interest of their clients (the sellers), not withholding information from them, and must present their property only in a favorable manner. Exclusive buyer's agents negotiate in the best interests of the buyer, do not disclose confidential information about the buyer, and reveal all facts affecting the value of properties to the buyer.
I have heard of Discount Brokers? I have another link HERE. Just look at the WORDS "Discount Broker"? I can only handle about 4-5 "real" Buyers at a time. Buyers are the most time intensive side of the industry, and the most difficult. Do you "really" want to work with a "Discount" Broker??? Especially when we are talking about something as important as purchasing your family home????
Remember the saying? "A Chain Is Only As Strong As It's WEAKEST Link"
BEING THIS IS PROBABLY THE MOST IMPORTANT PURCHASE YOU WILL MAKE IN THE IMMEDIATE FUTURE...SHOULDN'T YOU BE PROPERLY REPRESENTED!
All information is deemed reliable but is not guaranteed. All interested parties should rely on their own verifications.
By submitting information to any page at this site, including any contact information, you are consenting for Riley Scrivner and its authorized representatives to contact you even if your name is on the Federal "Do not call List". The information above has been obtained from sources believed reliable. While we do not doubt it's accuracy, however we have not verified it, therefore we make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Thank you for submitting your information. Your information is always kept confidential. CA. REAL ESTATE BROKER - DRE LIC #00976832
