UNDERSTANDING BUYER AGENCY IN COLORADO

Thinking about buying a home in the Denver area? The seller will have professional representation...Will you? You see, sellers list their homes with real estate agents to assure professional representation throughout the home selling process. As a buyer, you deserve the same kind of service.

Real estate agents & REALTORS® may represent either the buyer, the seller or the transaction. Is your agent working for you? How do you know? How can you be sure that someone is looking out for your best interests? In Colorado, most listing agents, sellers and/or homebuilders compensate the buyer agent's brokerage firm that leads to successful closing. There is no "standard" compensation amount or % - everything is negotiable between parties to the contract. I encourage you to pay close attention to the contracts because sellers, listing agents and builders offer a wide range of compensation to the buyer brokerage firm. Do not sign anything until you fully understand what your financial obligations are. The stakes are too significant and potentially too costly - so never assume anything. Work with a REALTOR® who refuses to rush you through the process because its a decision you may eventually regret. Count on Anthony to be patient and walk you through everything and answer all of your questions - especially things you never knew were important. I have you back!

In the interest of transparency and full disclosure, Colorado law requires agency disclosure to prospective buyers. Every real estate agent must disclose the types of agency through which he/she can represent you. If you do not sign a buyer agency agreement, then you are NOT being represented. Don't make this mistake. Consider your options and outcomes. Here are some facts:

What does hiring a Buyer's Agent do for you?
It creates a fiduciary relationship which is one based on trust because the agent owes the following duties to the client: Loyalty, Obedience, Diligence, Disclosure, Confidentiality, Accountability and Reasonable Skill & Care. A duty of loyalty is one of the most fundamental fiduciary duties owed by an agent to his client because it obligates a real estate agent to act at all times solely in the best interests of his client to the exclusion of all other interests, including the agent's own self-interest.

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