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Why Do I need a Real Estate Agent?
Russell-Realtor is Real Estate Experts: This means we know the INS and Outs of one of the most important investment you will ever make. We handle Real estate transactions every day. We are trained in all the legal aspects involved in the purchase of a home and our exclusive agency representation of your interest.
The seller, 89% of the time is represented by a listing agent who is responsible to make sure his/her seller's interest are represented during every step of the transaction. A listing agent has NO fiduciary responsibility to advice you as the buyer. In fact, he license bars him from advising you about your rights during the purchase. If you are not represented when you find a home and want to make an offer it is similar to appearing in court without an attorney or self-diagnosing an illness. We are not attorneys or doctors But buyer's agents are experts in real estate transactions and must represent our buyers exclusively.
What is a Buyer Representative?
Defined most simply, a buyer’s representative (or buyer’s agent) is an advocate for the buyer...not the seller…in a real estate transaction. Buyer’s representatives in Texas owe full fiduciary (legal) duties, including loyalty and confidentiality, to their buyer-clients and keep their best interests in mind through the entire transaction. Buyer agents have met the educational and practical requirements set forth by the Real Estate Buyer’s Agent Council (REBAC) and demonstrates skills and knowledge to best represent homebuyers.
What does it cost to use a Buyer Representative? The buyer pays no commission to the buyer representative. The seller of the property, or the builder in new construction homes pays the commission due the agent. It’s like having your own assistant making sure the transaction goes smoothly, and putting your buyer’s interests first. The buyer pays no commission.