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Meet Tom... Tom is a Traditional Real Estate Agent. He works for a broker in a firm that lists homes for sale. Tom and his broker do a great job selling houses--they advertise, hold open houses, always emphasize the office listings first, and strive to get the highest price for their client--the seller. Will Tom show you, the buyer, all houses for sale? You bet he will! But will he represent you? Protect your confidentiality? Bargain on your behalf? No! He can't, because Tom already represents--the seller.
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Meet Dick... Dick is a DUAL AGENT. He'd like you to believe he can represent both the seller and you, the home buyer. You'll meet Dick when he takes you into one of his own company's listings and tells you not to worry--that he'll work for you and the seller equally. Dick will explain you have nothing to lose in a dual agency, that he'll be fair, that you can trust him. Maybe so. But why would you take a chance? In truth, dual agency serves neither the seller nor the buyer well.
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Now meet Harriet. Harriet works for the same company as Tom and Dick. She shows you one of Tom's listings of which you want to write an offer. Harriet discloses you will be entering into a dual agency situation. Harriet knows disclosed consensual dual agency is an option when put in writing. If you do not sign the disclosure form, Harriet automatically becomes your TRANSACTION AGENT. In this brokerage arrangement, Harriet can show you the property, write the offer but cannot negotiate on your behalf. You are Harriet's customer not client. Why would you chance using Harriet to merely go through the motions?
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Say hello to Christina Rickey, an Exclusive Buyer Agent and the Broker of Home Search Solutions. Christina Rickey is a fully-licensed real estate broker who only represents buyers, not sellers. An exclusive buyer agent does not list homes for sale, so there is no conflict of interest. All of her efforts are directed to finding the best house, at the lowest price, on the best terms for you--the home buyer. An exclusive buyer agent is legally obligated to her clients. That means you can trust Christina Rickey to advise on strategy, protect your interests, preserve your confidentiality and bargain hard on your behalf.
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