FREQUENTLY ASKED QUESTIONS

Many home buyers have questions about using an exclusive buyer's agent. Even with information specially dedicated to explaining what an EBA does, you may still have questions.

To help you better understand what we do and how we can best help you find a home, we’ve prepared a list of questions frequently asked by folks like you:

Q. “What exactly does an exclusive buyer agent do for home buyers specifically?”

A. An exclusive buyer agent represents only your interests as a homebuyer. This means we will:

• Never represent a seller
• Always keep your information confidential
•  Assist you with financing sources and programs
• Provide all known information about the seller's motivations
• Point out both the positive and negative features of a home
• Never push you toward a more expensive or inappropriate home
• Provide you with comparable market data to evaluate a sales price
• Help you formulate a negotiating strategy
• Write an Earnest Money Contract that protects your interests
• Coordinate with your home inspector, lender, and title company
• Manage the closing process and solve any problems

All of the above is put in writing in a plain English buyer agency agreement. It is our way to expressly spell out our legal obligations to you up front.

Q. “Why don't all Real Estate Brokers act in a "Buyer's Broker" capacity?”

A. The reason most real estate brokers act in a "Transaction Broker" capacity is that they want to be able to show and sell their own listings. If they were to act in a "Buyer's Agency" capacity they would not be able to show you any of their own listings for which they have a contract with the sellers to market. In addition many agents receive a higher fee for selling their own company's listings and are therefore biased towards particular properties.

Q. “How do I know what type of brokerage each Realtor operates?”

A. Before any real estate broker can show you any property they must by law disclose in writing the type of brokerage and representation they will provide you. If they are not offering to represent you as a "Buyer's Broker" then you will not receive "true" representation.

Q. “Does Buyer’s Real Estate take real estate or property listings? Do you practice Transaction Brokerage?”

A. Buyer’s Real Estate does not take real estate or property listings. We represent home buyers 100% of the time. We never ask home buyers to agree to Transaction Brokerage otherwise, the home buyers are not being represented 100% of the time.

Q. “What experience do you have in negotiating real estate offers in the best interest of Orlando home buyers?”

A. Buyer’s Real Estate is composed of licensed real estate agents that have over 9 years of experience as exclusive buyer’s agents in Orlando. We have successfully negotiated hundreds of contracts for hundreds of Orlando home buyers.

Q. “How are Exclusive Buyer’s Agents paid?”

A. Exclusive buyer’s agents are paid by the selling brokerage on completion of a successful real estate sale. We split the fee that the seller has agreed to pay the brokerage. There is absolutely NO cost to the buyer to retain our services. In fact, you can save more money buying a home for sale through an exclusive buyer’s agent. Most of our clients find that we can help them save thousands of dollars in real estate costs through low cost loans and contract negotiations!

Q. “How does an Exclusive Buyer’s Agent help me to save money?”

A. Exclusive buyer’s agents help home buyers save money in several ways.

1. Our services are provided free of charge to all buyers
2. We provide you with updated listings of all homes that meet your needs from our online MLS database; when we find bargain homes, we’ll help you recognize the good value
3. We always prepare a market analysis to determine the current market value of the home so you never pay too much
4. We can negotiate to have the seller pay for some or all of the usual buyer's closing costs, saving you thousands of dollars up front
5. We always ask the seller to pay for a home warranty for our buyer's benefit, so you're covered for a year after closing.
6. We will advise you on choosing the least expensive mortgage loan, help you to negotiate repair costs, and review your closing statement for accuracy.

Q. “Can I save money by contacting the Selling Brokerage directly?”

A. No, not at all. It is more likely to cost you money by contacting a selling brokerage directly. The Selling Brokerage has a contract with the home seller to charge the same fee regardless of who sells the property. The Selling Brokerage can not legally provide you with full representation or negotiate on your behalf, so could end up paying a lot more than you need to pay.

Q. “If I find a for-sale-by-owner (FSBO), will you help me to negotiate the sale at no cost to me?”

A. Yes, Buyer’s Real Estate has negotiated many for-sale-by-owner (FSBO) properties for our clients at no cost to them. In a FSBO sale, we are paid by the seller who pays a commission that is only half of what they would pay to list their property with a traditional real estate agent.

Q. “Will you show me all the positive and negative aspects of each home?”

A. Absolutely. Our services include a market analysis of the home, so you will be able to see all the value in the home. This helps you to never pay too much for your home. We point out all of the positive and negative aspect so you can make an informed decision. 

Q. “When negotiating for me, do you keep everything I tell you confidential, including my financial information, motives for buying and negotiating strategies?”

A. Yes, absolutely! We represent your interests, so we are ethically and legally bound to keep all of your information confidential. In fact, our strategy is negotiations.

Q. “Will you provide the true facts such as value, market, physical defects and neighborhood conditions on any property I make an offer on?”

A. Part of the services that we offer you is a thorough market analysis of the property. This analysis includes the geographic area and is based on properties that have sold.  and share with you complete information about property values to help you to determine a fair price to pay.

Q. “Do you have a list of home inspectors, insurance agents and reputable lenders for me to consider?”

A. Yes, Buyer’s Real Estate has developed a list of trustworthy affiliates that we can recommend to you so that your transaction runs as smoothly as possible. 

Q. “Do you have references or testimonies? Can you give me names and contacts of past satisfied buyer clients?”

A. Absolutely! Buyer’s Real Estate is proud of the service and value we offer our clients. We have an ongoing list of satisfied buyer clients to use as references. Check our Satisfied Clients page to see a sample of our happy customer or ask for some personal references!