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Selecting a Realtor®
The Buyer Agency
Relationship
Consider this scenario. You’ve been working
for a real estate agent for months trying to find the perfect
home in Pick-a-State, USA. She’s shown you dozens of houses.
She’s given you her home telephone number. And finally, she
calls to tell you that "the" house has come on the market. You
absolutely love it, and you put in a bid for only $20,000 less
than the asking price. Oddly, the seller refuses to take less
than full price. That’s because your agent disclosed your price
range, how long you’ve been looking, and how much you love the
property. In Pick-a-State, all of the real estate agents, even
those with whom you have developed a rapport and a relationship,
really work for the seller.
Not so in Connecticut.
In Connecticut, we have Buyer Agency.
Which means that if you are a buyer, your real estate agent must
act in a fiduciary capacity. The agent owes you his or her
undivided fiduciary obligations: loyalty, reasonable care,
disclosure, obedience to lawful instruction, confidentiality and
accountability. The agent must put your interests first, above
all others, and cannot disclose any information that would
impede your bargaining position.
The advantages to you as a buyer are
obvious. As your Buyer Agent, Camelot Real Estate will:
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Save you time by pre-selecting homes in
your price range and ensuring that they meet your
requirements for size, type, and condition.
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Schedule appointments so you can see the
homes at your convenience.
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Give you information on taxes, school
districts and more.
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Provide you with comparables when you are
ready to make an offer, so you can be certain that you are
not overpaying for your new home.
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Handle the negotiations so that your
interests are protected.
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Schedule a building inspection and
appraisal.
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Coordinate with you attorney and do
whatever else is necessary to ensure that the deal moves
smoothly until the close.
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