Understanding Real Estate Buyer Agency and Advocacy
Prior to substantive discussion, the State of Texas requires Frisco TX Realtors® to share the Information about Brokerage Services acknowledgment. This document explains duties of the real estate agent’s role in a real estate transaction. If the prospective buyer, seller, renter or landlord want real estate representation, that the business relationship should be done in writing.
This article is intended to explain a Buyer’s Representation and to identify the duties of the agents that show you home before you begin.
From a Home Buyer’s perspective, there are 2 positions you may end up with in a real estate transaction.
Buyer Client & Buyer Customer: The major difference is in the LEVEL of SERVICE you may receive.
BUYER CUSTOMER (REALTOR®’S FUNCTIONARY ROLE)
BUYER CLIENT (REALTOR®’S FUDICIARY ROLE)
|Buyer receives the Following from the Real Estate Agent (unrepresented):
||Buyer receives the Following from the Buyer’s Realtor® (represented):
Download the Information about Brokerage Services form in Acrobat Reader.
Download a sample of the Buyer’s Representative Agreement in Acrobat Reader.
BEST PART is OUR SERVICES ARE AT NO COST TO YOU WHEN YOU USE 3:16 team REALTY AS YOUR BUYER’S REALTOR®.
Loreena & Michael Yeo