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Exclusive Buyer's Agent

These are excerpts from articles published in well-known magazines, journals and newspapers which discuss the advantages of using an exclusive buyer's agent to purchase a property.
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The Wall Street Journal

Exclusive agencies are highly recommended.
They remove any conflict of interest, which is
the main reason for considering a buyer broker in
the first place.

SmartMoney Magazine

To Buyers: If you want representation, work with a buyer broker. They are legally obligated to represent your interests in any negotiations with sellers, states The Consumer Federation of America.  Groups such as the Consumer Federation of America and AARP recommend using buyer's agents.

Kiplinger's Personal Finance Magazine

Exclusive buyer's brokers work only with buyers and don't take listings. They're obliged to help you find the best deals and lowest price.  Unfortunately, agency standards have changed so much in the past ten years that real estate agents themselves are likely to be confused about their obligations to buyers and
Money Magazine

A new breed of broker, known as an exclusive buyer's agent, acts as your advocate. Like a traditional broker, an exclusive buyer’s agent steers you toward attractive homes and helps you scout out banks or mortgage companies, where you can borrow what you need to make the purchase.
The New York Times

Confusion often arises because many buyers believe that the agent who shows them houses works on their behalf. In fact, subagents of the listing broker - often they are agents who work
for another office - also act on behalf of the seller.
USA Today

Most agents who show you homes don't represent your interests. They work for the seller, and their object is to sell the house for the highest possible price.
Business Week

A conflict of interest is more likely when a real estate firm that represents sellers assigns you one of its brokers as a buyer agent. That's why many people believe an "exclusive" buyer broker is preferable. If there aren't any in your area, and you have to use a listing broker, "make sure they disclose when they are showing you properties they have a financial interest in," says Stephen Brobeck, executive director of the Consumers Federation of America.

The New York Times
About Real Estate: More Agents Represent Home Buyers
by Diana Shaman

Buyer brokers say they can negotiate the best price for their
clients. "We act in a sense like an attorney or an accountant to
protect the buyer, so that they can make an informed decision
and buy the best home for them," Mr. Hathaway, a Memphis
broker, said.

"Exclusive buyer broker--aims to get the best deal for the home buyer."
- Business Week

"You can't have partial loyalty, an agent either works for you or works for someone else."
- Consumer Reports

"Groups such as the Consumer Federation and the American Association of Retired Persons recommend using buyer's agents...the reason is they work."
- Smart Money

"You save big bucks by hiring a buyer broker."
- Money Magazine

"Buyer Brokers make a great deal of sense."
- The New York Times

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