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A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent. In the United Kingdom and Australia, the most common term is buying agent.
The residential real estate industry in Texas is unique in that the real estate sales contract forms used in most transactions in the state are developed through a state agency, the Texas Real Estate Commission (TREC). TREC's Broker-Lawyer Committee develops standard contract forms and addenda which are promulgated by the Commission.
EBA firms amount to less than 1/2 of 1 percent of all real estate firms in the US. [citation needed] The EBA business model of unconflicted buyer representation eliminates the possibility of the buyer being confronted with the conflicts of interest which may be associated with the Dual, Limited or Designated Agency business models. [citation ...
Campins noted that while she isn't opposed to the idea of a buyer's agent using a representation form, she anticipates that most buyers would be reluctant to sign such a document due to an ...
She ultimately offered the standard 3% commission to the agent representing her home’s buyer, a move McMahan said she felt was necessary to entice agents to bring buyers around. “I knew the ...
Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state's laws of agency. Categories of representation A real estate broker typically receives a real estate commission for successfully completing a sale.