What is a Buyer Brokerage?

The SHORT ANSWER IS... A Buyer Brokerage is a company that represents the interest of Buyers exclusively. The Buyers Brokeage never has obligations to Sellers to get the highest price, as most brokerages do today.

In 1993 the National Association of Realtors® (NAR) defined Exclusive Buyer Agency in its Agent's Guide entitled: Agency: Choices, Challenges & Opportunties: "Exclusive buyer agency -- The practice of representing only buyers and never sellers in a transaction. The company (brokerage) never lists a seller's property and thus never has a seller as a client." Attempting to serve the opposing objectives of both buyers and selers creates an inherent conflict of interest.

Buyer Brokerages provide their Buyer clients with undivided loyalty, full disclosure, complete transparancy and confidentiality. These are the "fiduciary" duties provided to buyers by Exclusive Buyer Agent working in Buyer Only Brokerages.