Real Estate for sale on Maui

About Buyer’s Representation Agreements


It is important for the buyer client and their Realtor to discuss the Buyer Representation Agreement in the initial interview. In many cases, it is recommended that the buyer and agent agree to the terms of this agreement prior to viewing properties, and sign a written agreement based on those terms. The agreement should spell out the responsibilities of both parties throughout the real estate process.

A real estate buyer’s representative, or agent, represents the buyer purchasing property in a real estate transaction. Research by the National Association of REALTORS has shown that when a buyer’s representative (agent) was used, the prospective buyer found their home one week faster then on their own and examined three more properties than consumers who did not use a buyer’s representative. Additionally, their Realtor was able to access a much larger pool of homes offered for sale, increasing the likelihood that they would find just the right home.

The buyer's representative works for and owes fiduciary responsibilities to the real estate buyer throughout the entire real estate process. In other words, a buyer’s rep has a legal obligation to only take action with the buyer’s best interest at heart.

A buyer’s representative will:

  • Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.
  • Assist the buyer in determining the amount that they can afford (pre–qualify), and show properties in that price range and locale.
  • Assist in viewing properties— accompany the buyer on the showings , or preview the properties on behalf of the buyer to insure that the identified specifications are met.
  • Research the selected properties to identify any problems or issues to help the buyer make an informed decision prior to making an offer to purchase the property.
  • Advise the buyer on structuring an appropriate offer to purchase the selected property.
  • Present the offer to the seller’s agent and the seller on the buyer’s behalf.
  • Negotiate on behalf of the buyer to help them obtain the identified property at the best possible price, terms and conditions for the buyer client.
  • Assist in securing appropriate financing for the selected property.
  • Provide a list of potential qualified vendors (movers, attorneys, carpenters, etc.) if these services are needed.
  • Fully represent the buyer throughout the real estate transaction.

A note from Jeanie:

Aloha,

While the buyer’s representation agreement addresses a buyer’s needs during the purchase process and this is very important, I have built a successful business by serving my clients needs BEFORE and AFTER each transaction as well, and at the deepest level possible. My success depends on you receiving such good care, and having such wonderful results, that you refer your friends and family to me in addition to using my services each time you buy and sell real estate. You can count on me to negotiate hard and look after your interests as though they were my own! I want to be your Realtor for life.