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Buyer's Agent?

Discussion in 'Real Estate Agency Topics' started by annie space, Jun 7, 2012.

  1. annie space

    annie space TREF Member

    Jun 7, 2012
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    Is there such a designation as Certfied Buyer's Agent? Is there an advantage to using one when looking for a home to buy?
     
  2. Mike Jaquish

    Mike Jaquish Owner, Realty Arts
    Staff Member

    Jun 6, 2012
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    Annie,

    There is no specific designation, "Certified Buyer's Agent."

    Some people like to use agents who only represent buyers, and never list homes, and there are designations for people who have attended class to further their education.
    "Exclusive Buyer Agent" is one association. Some agents also have an ABR designation, i.e., "Accredited Buyers Agent."

    I am in the group that thinks a great agent is skilled at working either side of the table, and understands the perspectives of both sellers and buyers.

    Also, to learn more on real estate agency in North Carolina, you might read the NC Real Estate Commission Brochure, "Working With Real Estate Agents."
     
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  3. adele

    adele Knows the Ropes

    Jun 9, 2012
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    is a home buyer required to use an agent?
     
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  4. Mike Jaquish

    Mike Jaquish Owner, Realty Arts
    Staff Member

    Jun 6, 2012
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    Hi, Joyce,
    No, no one is required to use an agent. However, when buying or selling property, it is often wise to have someone in your corner representing your interests. A skilled real estate agent can help you not overpay, learn more about details of the property, and bring you value through their experiences with many prior clients.
     
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  5. adele

    adele Knows the Ropes

    Jun 9, 2012
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    hi, mike

    Thanks for answering.
    how do i pay my buyers agent?
     
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  6. JBob

    JBob Knows the Ropes

    Jun 9, 2012
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    Joyce,

    Buyers agents are paid by the listing agent. The cost is included in the purchase price of the home.
     
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  7. Zappa

    Zappa TREF Member

    Jun 11, 2012
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    Right.
     
  8. Mike Jaquish

    Mike Jaquish Owner, Realty Arts
    Staff Member

    Jun 6, 2012
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    Yes. That is how it most commonly works. Generally speaking, buyers do not pay their agent directly out of their pocket.
     
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