Before you begin to work with an agent it is important to understand that Mass Law provides for different types of representation and one of those is the broker/agent relationships for buyers.
A buyer can engage the services of a real estate agent to purchase a property. The real estate agent is then the agent for the buyer. The agent must put the buyer's interest first and negotiate for the best price and terms for the buyer. This means that the real estate agent represents the buyer, and of course that the agent must disclose any known material defects about the property to the buyer.
- A Buyer's Agent is legally bound to represent the Buyer's interest exclusively.
- A Buyer's Agent assists the Buyer in writing and negotiating offers in the Buyer's favor.
- Buyer Representation gives the Buyer the same level of loyalty and service that the seller receives from their Listing Agent.
- A Buyer's Agent cannot disclose any confidential or financial information about their client unless they have written permission from their Buyer client.
If you choose to be represented by a Buyer agent you should expect?
- Reasonable care and skill
- Accounting for funds
If you are looking to buy a property contact a Sweeney & O'Connell real estate agent to help you with your search.