St. Louis Realtors - Finding Homes For You
What The Media Is Saying About Exclusive Buyer Agents
HUD recently released its latest version of “Shopping for Your Home Loan – HUD’s Settlement Cost Booklet.” On page 6, it discusses the role of a real estate broker or agent and now includes a bolded reference to exclusive buyer’s agents. It says,
“It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an “exclusive buyer’s agent”, who will be working for you.”
(see document at the bottom of this page)
Jean Chatzky, from Money Magazine interviewed on the Today Show
The best buyer agents are no longer a secret. The word is out about Exclusive Buyer Agents (EBA's) the only agents dedicated to only serving you, the real estate buyer. Traditionally, real estate transactions favored the seller. In the mid-1990's, it became the buyers' turn to level the playing field. Savvy buyers wanted the benefits of real estate representatives who were working for their interests esclusively.
"Most agents ...work for the seller, and their object is to sell the house for the highest possible price."
Kiplinger's Changing Times
in any negotiations with sellers. The Consumer Federation of America and AARP recommended using buyer's agents."