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As an exclusive buyer's agent, we look out for the interests of our clients 100% of the time. |
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Buyer Agency
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Before disclosing any confidential information to a real estate licensee regarding a real estate transaction, you should understand what type of agency relationship you have with that licensee. Michigan law requires real estate licensees to advise potential sellers or buyers with whom they work of the nature of their agency relationship. This is done by means of an agency disclosure form, which is real estate's functional equivalent to being read your miranda rights. If you are a buyer, and a real estate agent discloses that he or she is an agent of the seller, you must be aware of the fact that anything you say can and will be used against you in the course of negotiations. A Seller’s Agent (also referred to as a listing agent), under a listing agreement with the seller, acts solely on behalf of the seller. A seller can authorize a seller’s agent to work with subagents and/or buyer’s agents. A subagent is one who has agreed to work with the listing agent, and who, like the listing agent, acts solely on behalf of the seller. Seller’s agents and subagents will disclose to the seller known information about the buyer which may be used to the benefit of the seller. Seller agents have duties of loyalty, confidentiality and obedience to their seller clients. By law, seller agents must represent, advise, negotiate and advocate on behalf of their seller clients. A Buyer's Agent, under a buyer’s agency agreement with the buyer, acts solely on behalf of the buyer. Buyer’s agents will disclose to the buyer known information about the seller which may be used to benefit the buyer. Buyer agents have duties of loyalty, confidentiality and obedience to their buyer clients. By law, buyer agents must represent, advise, negotiate and advocate on behalf of their buyer clients.
Buyer's Broker of Northern Michigan, LLC acts as an exclusive buyer's
agent, representing buyers only. As an exclusive buyer's agent,
there is ne
Buyer's Broker of Northern
Michigan, LLC |
epresent
them. Seller agents refer to buyers as "customers" rather than
"clients". Legally, this is an important distinction, and buyers
should be aware that seller agents owe them almost no duties. Although
buyers provide the funds to close a real estate transaction, they often
complete their purchases without the benefit of any representation
whatsoever. Lack of buyer representation puts the buyer at a distinct disadvantage
as compared to the seller, who usually has the benefit of one or more agents
working on his or her behalf and duty bound to look out for their
seller-client's best interests. Buyer's Broker of Northern Michigan, LLC
was created to help level the playing field. 
ver any question as to whom we represent in a transaction.
We do not list properties for sale or represent sellers. Other agents
may be willing to act as your buyer's agent. However, if that agent or
his or her office also lists properties for sale and represents sellers, there will undoubtedly
be the potential for conflicts of interests. This may make it more
difficult for you to
purchase the ideal property on the best terms possible.
Lawyers from the same law firm are ethically prohibited from representing
both parties to a transaction. As a buyer, do you really want the real
estate firm you choose to work with acting as an agent for the person whose
home you are trying to buy?
As an exclusive buyer's agent, you can be assured of our complete
loyalty--without conflicts of interest. Whether you are in the
market for your first home, a new home, an up north vacation getaway, vacant
land or commercial real estate, you need and deserve equal representation.
At Buyer's Broker of Northern Michigan, LLC, we are fully committed to
protecting the interests of our buyer clients 100% of the time. If you
are relocating, or thinking about purchasing a home or other Northern
Michigan real estate, contact us today!