One of my clients recently asked a few questions that I hear fairly regularly.  In effect, she asked "What is Buyer's Representation?".

Everyone is probably aware that there is a Listing Agent that represents the Seller.  They put their sign in the yard, enter the property into the MLS, produce marketing and conduct showings to get the property sold.

If an unrepresented prospect attends an Open House  being held by the Listing Agent, they often don't realize that the Agent is working for the Seller, not them.  As a result, in Colorado, if an unrepresented prospect begins to talk about anything related to their ability to purchase the property or mention any personal financial information, it is required that the Listing Agent present them with a disclosure titled "Definitions of Working Relationships".  Thus, clarifying that the Agent does not represent them and that any information they share while unrepresented can be shared with the Seller.

A Buyer's Representative works exclusively for the Buyer.  They advocate on behalf of their clients and seek outcomes advantageous for their Buyers.  Buyer's Representation levels the playing field so that the Buyers will have someone looking out for their interests. 

In this day of cooperation, the Listing Agent shares their commission with the Buyers' Agent as an incentive to get qualified Buyers looking at the home.  In effect, having a Buyer's Agent costs nothing for the Buyer, since fees are paid by the Seller, and Buyer's Representation is invaluable when proceeding with the purchase of a home.

Buyer's Representation is also called Buyer's Agency.   As your Buyer's Agent, this relationship allows me to negotiate on your behalf, to coach you on the important decisions you'll make, to keep confidential your motivations and financial capabilities and oversee the timelines, inspections and paperwork to reach a successful Closing.  You have my loyalty, fiduciary duty, confidentiality and advocacy.

Denver Realtor John Basila provides Buyer's Representation throughout the State of Colorado, focusing primarily on the Denver area.  Call John today for your free consultation: (303)589-9034