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What is a Buyer's Broker?
More and more buyers are getting their own agents to help them find a house, negotiate the best deal, and close with the least amount of hassle. These agents, called Buyer Brokers, are licensed real estate agents. They have access to all of the usual resources used to find houses, including the Multiple Listing Service (MLS), as well as sources not usually accessible to traditional agents, such as homes for sale by owner. But there is one very big difference between traditional agents and Buyer Brokers: the Buyer Broker represents the buyer and is legally bound to get the best deal possible for the buyer.
What's more, a good Buyer Broker actually turns the tables on the seller and the seller's agent by digging up facts on the house and the seller's position that can work to the benefit of the buyer with his/her firm always try to find out things like a house's past selling price, time on the market, offers received, how much similar houses are selling for and even how anxious the seller is to make a deal -- information most sellers would like to keep hidden.
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