WHAT? WHY Exclusive Buyer Brokerage?

Markets are become more challenging. Buyers who need to have a job done in a challenging market need a professional. Professionals charge fees. (It sometimes befuddles me how an agent can represent a buyer and get paid by the seller...However, I'm okay with that procedure, as long as it lasts). The pro's in buyer brokerage are having buyers contractual agree to a business relationship of advocacy, a relationship that allows the agent to "work for the benefit" of their party. (In Oklahoma, we call it "Single Party Broker"). Some are requiring this agreement be signed, WITHOUT exception. I can provide you or your organization with more specific insight and training on the subject of Buyer Broker Agreements. (In fact, as part of the Public Domain, go to www.orec.ok.gov web site...menu on the right and click on Contracts and Related addendum's. From that site, one can print off the copy of the Exclusive Buyer Broker Agreement. Printing off a copy of the agreement and reading it, will, in the most part, be a learning experience. The OREC Contracts Forms committee has deemed it necessary for Oklahoma Agents to have available a legally binding agreement to establish a relationship with a Buyer).
This might surprise you, but, already top buyer agents are actually getting paid by buyers. Buyers see the value of advocacy...the coaching aspect of the transaction...determining a buyers goal, designing a customized plan and then implementing that plan with strategies to increase the buyers chances of reaching their desired goal. Part of the coaching is to put the Buyer through tighter pre-approval processes, more and tougher counseling questions, proving their sincerity in face-to-face meetings. When a buyer is properly counseled, they are more interested in what their eventual results are and less interested in the commission amount. If you are a buyer prospect reading this blog, let me say, the climate is somewhat "bold" out there. More For Sale By Owner's on the market. Transactions are more complex...with Investigations, Disclosures, and Inspections on the Buyers side, then repairs to follow-up on. Buyers become anxious during these times. Your exclusive Buyer Broker will automatically spend more time with you "coaching" you toward making sound decisions. It seems natural, that a prudent person would welcome the opportunity to work with someone who is "contractually" obligated to work for their benefit. Compensation paid by the Buyer (when called for) could very likely be the best value for the dollar spent in the entire transaction. It's apparent that I fully embrace Exclusive Buyer Brokerage, because, I am convinced that the Buyer is beginning to seek for the more experienced and successful real estate agents who know how to cope and be successful in today's "challenging market place." Stay in touch!