Field Guide to Buyer Brokerage (NAR Information Central)

Field Guide to
Buyer Brokerage

By Anne-Marie Siudzinski, Information Central

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C O N T E N T S

  Buyer Brokerage Basics

  Common Questions About Buyer Brokerage

  Legal Issues

  Books, eBooks & Other Resources

  It's not just a seller's market anymore! An ever growing number of real estate professionals are realizing the benefits of representing buyers in the real estate transaction. In fact, studies show that buyers agents are more effective at reducing search time for their clients than the traditional seller agents or non-agent facilitators. The information presented here can help you decipher whether buyer brokerage is a good fit for you and how you can take advantage of this expanding market.

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 		  Buyer Brokerage Basics

Buyer agency in the information age, (Wisconsin Real Estate Magazine, Aug. 2006).

Real Estate Buyer's Agents Council

Contract terms for buyer's representatives, (REALTOR® Magazine, Working with Buyers Toolkit).

Focus on buyer representation: full steam ahead, (REALTOR® Magazine, Nov. 2005).

A new contract for home buyers; agreements created to keep consumers from switching agents grow more popular, (Wall Street Journal, Dec. 2, 2004).
   Common Questions About Buyer Brokerage

Is now the time to try buyer's agency?, (Realty Times, Feb. 22, 2006).

Representing buyers?, (California Real Estate Magazine, May 2002).

May buyer's rep contact the seller?, (REALTOR® Magazine, Sept. 2001).

Who works harder: the buyer's agent or the seller's agent?, (Realty Times, Aug. 24, 1998).
   Legal Issues

Buyer's lawsuit against buyer's representative proceeds, (National Association of REALTORS® Magazine, Letter of the Law,July 2006).

For buyer's reps lead law unclear, (REALTOR® Magazine, Aug. 2004).

No Duty for Buyer's Representative to Protect Clients from Unknown Dangerous Conditions on Seller's Property, (National Association of REALTORS®, Letter of the Law, 2003).


Buyer's Representative has No General Duty to Protect Client from Emotional Distress in Oregon, ( National Association of REALTORS®, Letter of the Law, 2003).

 
Books, eBooks & Other Resources
 



Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.

  How to put buyer brokerage agreements to work for your bottom line, (Real Estate Professional, May/June 2006, p. 48-50).


  Time of opportunity for buyer's representatives, (Real Estate Professional, May/June 2006, p. 16-18).

  Exclusive buyer agency suddenly looking mainstream, (ALQ Real Estate Intelligence Report, Spring 2005, p. 10).

  Negotiation in buyer brokerage, (Chicago, IL: Real Estate Buyer's Agents Council, 2001). CT 021

  Buyer agency: your competitive edge in real estate , (Chicago, IL: Real Estate Education Co., 1997). HF 5438 L99 Ed. 3
 



Other Field Guides & Power Tools
These Field Guides and Power Tools resources in the Virtual Library may also be of interest:

  Field Guide to Agency Disclosure
 

Agent Benefits from Buyer Brokerage

  Buyer loyalty

  Greater motivation to show more houses

  Ethical peace of mind

  One more service to offer customers

Source: Buyer agency: your competitive edge in real estate , (Chicago, IL: Real Estate Education Co., 1997). HF 5438 L99 Ed. 3
 
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NAR's Information Central.



Updated Sept. 2006
  

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Visit the Realtor.org Customer Support page, chat with us online, or call NAR's Information Central at 1-800-874-6500.

The inclusion of links on this Field Guide does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked to this Field Guide complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.

 


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