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Ken Parker - RE/MAX Around Atlanta Results |
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Buyer Representation
An agent working with a buyer, but not representing that buyer, has a "customer." He shows the buyer/customer homes until the buyer makes a purchase decision, then completes a fill-in-the-blanks contract. Upon contract acceptance, the agent provides coordination on any and all matters until closing. Throughout this entire process, the agent owes the customer fair and honest treatment and is a provider of factual information, but is precluded by law from giving opinions which are based on judgment. An agent representing a buyer has a "client." In doing the above tasks for his client, the agent’s work efforts are interlaced with suggestions and actions that are based on the application of his judgment. While there is no limit to what an agent representing his client may legally do for that client, the following list consists of those tasks that are typical of the things an agent does in the representation of his client, all of which go above and beyond the treatment afforded a customer as described above. Buyer Representation:
The extra services afforded to a client/buyer cost the buyer nothing, as it is the real estate commission paid by the seller that compensates the selling agent for his efforts. However, for an agent to invest the effort described above, the agent must have a reasonable expectation that his client will actually purchase a house from him and not from any other agent. Therefore, it is required by Georgia real estate law that the exclusive representation agreement be put in writing. The buyer must stipulate that he/she will work with the named agent on an exclusive basis. I may have left a few things out from the above list, but I think my list is very representative of buyer representation activities. Realize that there is no limit to what I can do -- just as long as it is legal and appropriate. Throughout the late 1980s and early 1990s, I was Fayette County's leading advocate of buyer representation. I practiced it as my preferred method of working with buyers long before it became sanctioned in 1994 by changes to the Georgia real estate laws.
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Ken Parker, Realtor® 770-254-4737 Direct 678-480-3859 Cell 770-254-4738 Fax 770-631-3300 Firm
Featured Listing:
Your listing can appear right here. Click on Featured Listing for an e-flyer example. Please call me to discuss this. __________
Search the entire Georgia MLS from this website. Find all Peachtree City homes for sale and Newnan real estate listings right here. ____________
See my online Relocation Package for a weath of information about the Peachtree City area, including Newnan and Summergrove. ____________
See The Guide, an online magazine, all about living in the Peachtree City and Newnan area. ____________
Click on Canongate to learn why the Peachtree City and Newnan area is called a "Golfer's Mecca." ____________
Visit Boards of Education and review the school reports for Fayette and Coweta County. Also, learn all about the Georgia HOPE Scholarship. ____________
See Health Care for hospital and medical services available in the Newnan and Peachtree City area. ____________
See Local Activities for things to do in the Peachtree City and Newnan area. ____________
Click on Dining for a guide to restaurants in the Peachtree City and Newnan area. __________________
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A
thorough discussion of "buyer representation" follows. It is important to
understand the differences between being treated as a customer and being a
client.
