Will the REAL exclusive buyer agent take one step forward? Not so fast there Mr. Trad.

July 29, 2008

Not long ago our good friend Jon Boyd posted this useful definition of a true exclusive buyer agent (EBA) on one of his blogs.

Home buyers seeking the best home at the best price and the best terms and who want to make the best use of their time, energy and money in the process should pay close attention to the subtle, but critical, distinctions between EBAs and our trad* brothers and sisters.

A genuine exclusive buyer agent offers home buyers an authentically better alternative to conflict-of-interest challenged traditional real estate practitioners.

[*”Trad” here refers to traditional real estate brokers and agents whose companies represent both buyers and sellers–sometimes in the same transaction. (It’s a nickname–not a pejorative.)]

In Ohio, if the BROKERAGE lists homes (represents home sellers), then neither the broker nor any of his or her agents can honestly call himself or herself an exclusive buyer agent.

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