This weeks Thursday Tips For Real...Estate: What is a Buyers Agent vs. Transaction Broker?
🏡🔑If you want to buy a home, you probably know that you need to work with a real estate professional...but what are your options for representation?
🏔📑In Colorado buyers can either be represented by a Buyers Agent or a Transaction Broker. A transaction broker simply facilitates a purchase transaction (completes contracts and paperwork and ensures deadlines are met) without being an advocate or agent for the buyer or seller.
✅🗣A Buyer’s Agent has additional specific duties they must fulfill for their client - promoting the buyer’s interests with good faith, loyalty & fidelity...seeking a price and terms acceptable to the buyer...and counseling the buyer as to any material benefits or risks of the transaction.
👌🏼💸The best part is that a Buyer’s Agent’s commission is paid by the seller, so your representation is ✨FREE✨
If you have any questions, feel free to reach out!