What is your Realtor’s job when he or she is representing you as a buyer’s agent? This may surprise you, but as a buyer you probably have a more realistic understanding of what your Realtor’s job is than most Realtors. Today, I want to take a look at what you are entitled to expect of your buyer’s agent.
What is a Realtor’s Job?
On the legal side your buyer’s agent owes you strict loyalty, agency and fiduciary duties. In other words, your Realtor’s job is to represent you well and protect you, too. Your Realtor’s job is not to act as a lawyer, but you cannot escape the fact that your buyer’s agent will be drafting a lot of contract documents for you, and so they had better know which ones to use and how to use them.
All this means your buyer’s agent should represent you honestly, competently, and professionally. You are entrusting your agent with a lot of money (possibly several hundred thousand dollars to a million), and that requires a level of knowledge and skill that rises to the same level of responsibility and importance as your CPA, your lawyer, your Registered Investment Adviser, and your doctor.
Realtor’s Job is Critically Important
Your buyer’s agent should know the subject of real estate upside down and backwards. He should be a master negotiator when it comes to your hard earned money. He should know exactly how to protect you with a buyer’s due diligence. He should be able to answer all your questions along the way, and he should be honest, articulate, and a pleasure to work with.
Hiring a buyer’s agent is one of the most important decisions you will make as you go into your retirement years. Be careful. Be wise, and do your research before you hire a buyer’s agent. Your Realtor’s job is very important . . . to you.
Last Updated on September 6, 2019 by Chuck Marunde
