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Exclusive Buyer Agency Explained

Exclusive Buyers Agent

Sage originally began as an Exclusive Buyers Agency. This is a self-imposed restriction not required by state or local law. Exclusive buyer agents (EBA’s) only represent buyers, never sellers, and the commonly-accepted definition would require that the entire company follow that model. Only a very few companies do this type of agency.
While we operated under that restriction for many years, our loyal clients began to ask us to find them another home and wanted us to help them sell theirs. We now offer listing services under those and certain other circumstances, but we still operate under the self-imposed restriction that we will not represent both sides of any transaction. If we have a buyer interested in one of our listings we would arrange for alternative representation.

 

What this means to you

When an agency represents both sellers and buyers, this is known as dual agency, which is permitted under Pennsylvania law. Sage does not and has never practiced dual agency. Every large company permits this practice and many encourage it. In most cases, the listing agent has a reduced duty to both sides (no fiduciary duty) and receives twice the commission than if representing only one side.

Traditionally, real estate agents have represented the seller. This is still the “default” if you don’t have a buyer agency agreement (such as if you walk into an open house unrepresented). But even though they are your “agent” this means they cannot disclose to you any information that would compromise the seller’s position, such as why they are selling or their lowest price. In order for a buyer to be fairly represented they need to enter into a buyer’s agency relationship with their agent. With Sage, when you enter into our Buyers Agency Agreement, it creates a fiduciary relationship between the agent and the buyer and eliminates any potential conflict of interest. The entire focus is on the buyer’s needs.

 

The Bottom Line

Sage is committed to strict agency standards that surpass minimum state standards.

We will search harder and work diligently to get you the best deal. All at NO COST to you. The seller is already obligated to share the commission with buyer’s agents under the listing agreement and the terms of the MLS system.

Does using an Specialized Buyer Agent matter to me, the buyer?

Think about it. How do you want to be represented?

emilys-door-knob-edir

Open the door to a great buying experience!

 

Here’s what the industry is saying about exclusive buyers agents:

In its Home Shopping booklet, the US Department of Housing and Urban Development states: “If you want someone to represent only your interests, consider hiring an ‘exclusive buyer’s agent, who will be working for you.” US Department of Housing and Urban Development

 

“You’ll get the surest representation from a single-agency broker or an exclusive buyer’s broker.” Kiplingers

Not all buyers agents are created equal. Most home shoppers use agents who work for companies that also list properties, and they’re likely to steer you to company listings first,” says Stephen Brobeck of the Consumer Federation of America. “It’s an irreconcilable conflict of interest.” Newsweek Magazine

“How can one person really represent both interests at the same time? If you live in a state where dual agency is allowed, the only way to avoid it is to work with an exclusive buyer’s agent–someone who doesn’t take listings or work for an agency that also represents sellers.DailyFinance.com AOL Real Estate

“While dual agency is inherent to your business, it can — and probably should — be minimized. Dual agency is fraught with difficulty. Licensees are expected to walk the center line without faltering.” James L. Goldsmith, ,Esq., PAR Blog, Just Listed

Money 101: “What you need is an exclusive buyers agent” CNN’s Money Magazine

 

“Consider using a buyers agent.” ConsumerReports.org

That’s what the industry is saying. Now hear what clients of Sage, exclusive buyers agency, have to say.

Recent Sales

HAPPY BUYERS!
Great house, great price.
$1,325,000
2 Paul Road
Wayne, PA 19087
MLS# 6868853

 

For more information contact Sage

Search for other Main Line Homes

 

 

Hear From Our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Hear from our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Sage Buyer Tips

Use Sage Buyer Tips to research the Main Line and stay up to date on real estate news. This online destination is chock full of resources for buyers and sellers: you can see our Main Line communities or explore Sage favorite places. Browse properties here and search other Main Line real estate. With Sage’s advice and experience, first-time buyers and those looking to upgrade can find homes best suited to their needs.