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BUYING YOUR NEXT HOME
... is perhaps one of the most important purchase decisions you will make in your life. This process deserves highly professional advise and being a fully approve/qualified buyer

YOUR  REALTOR®
... is best working for YOU not the Seller. When looking to purchase a home the best course of action is to contact a Buyers Broker Realtor®. Engaging in you own Realtor®, whose only goal is to get the best price and terms for YOU, the buyer, and to promote and protect your best interests every step of the way.

EXCLUSIVE BUYER'S REPRESENTATION
... does not cost you more money to have a specialist representing your own interests exclusively.  In fact, you may save money by having someone with excellent negotiating skills and no divided loyalties acting on your behalf. Remember, no matter how the brokerage fees are being paid it's all your money. We never forget that.

EXCLUSIVE BUYER'S REPRESENTATION IS THE SMART CHOICE
... Today's Smart Buyers rely on a specialist to protect them. You never have to worry about shared conflicting loyalties.

IF AN EXCLUSIVE BUYERS AGENT IS THE SMART CHOICE FOR YOU PLEASE 
If you’ve reached the conclusion that an Exclusive Buyer Representation specialist would most effectively represent your personal best interests it becomes important for you to understand the different types of representation agreements available to you. You have three options and, though each has its unique benefits, the needs of each individual aren’t necessarily best suited for every type of buyer representation agreement. The following summarizes the various aspects of each. You should thoroughly review the entire contract before making a final decision about which is best for you and you should discuss it with your Buyer Representation Specialist to assure you fully understand the various aspects

Buyer Broker Agreement
Non-Exclusive/Not For Compensation

Purpose:

Representation agreement is very similar to the process utilized by more traditional brokers, although it goes further by clearly defining the broker’s duties and responsibilities. Traditionally, broker’s responsibilities are just assumed and assumptions are not always correct. This agreement establishes in writing the terms of the relationship.

Term:

It continues for one year or unless cancelled by either buyer or broker earlier.

Exclusivity:

This agreement is non-exclusive, meaning buyers have no obligation to utilize the services of the broker with whom they’ve contracted. Buyers may enter into such agreements with more than one broker.

Cost:

There is no direct compensation provided for the services of the buyer’s broker. Instead, the compensation would typically be factored into the price of the property and paid to the buyer’s broker out of proceeds paid to the seller.

Use:

This basic agreement is best utilized by buyers with limited funds for down payment and closing costs. Compensation for buyer’s broker’s services are provided out of seller proceeds deposited into escrow by the buyer, most substantially funding from the buyer’s mortgage loan.

Buyer Broker Agreement
Non-Exclusive Right to Represent

Purpose:

With this contract the buyer hires the broker and agrees to compensation, provided that the broker fulfills all terms and that the broker is the one to introduce the buyer to the property being purchased. The broker’s responsibilities are expanded.

Term:

It contains specific commencement and termination dates.

Exclusivity:

This agreement is non-exclusive, meaning buyers have no obligation to utilize the services of the broker with whom they’ve contracted. Buyers may enter into such agreements with more than one broker.

Cost:

The buyer pays for broker services by depositing funds into escrow as part of the buyer’s closing costs. If the broker receives compensation from any other source such as the seller or the seller’s broker, the buyer is not required to make any direct payment, even if the amount being paid by the seller or seller’s broker is less than the buyer agreed to. If compensation paid by the seller is greater than the amount contracted by the buyer, the difference is credited to the buyer, not to the broker.

Use:

This contract is best used by buyers who are considering buying in different regions or buying different types of properties requiring different brokers or different broker specializations.

Buyer Broker Agreement
Exclusive Right to Represent

Purpose:

With this contract the buyer hires the broker and agrees to compensation, provided that the broker fulfills all terms and that the broker is the one to locate the property being purchased. The broker’s responsibilities are expanded.

Term:

It contains specific commencement and termination dates.

Exclusivity:

This agreement is exclusive, meaning buyers have made an obligation to compensate the broker with whom they’ve contracted even if they learn of the availability of the property being purchase from another source. Buyers should not enter into such agreements with more than one broker as an obligation to pay more than one broker could result.

Cost:

The buyer pays for broker services by depositing funds into escrow as part of the buyer’s closing costs. If the broker receives compensation from any other source such as the seller or the seller’s broker, the buyer is not required to make any direct payment, even if the amount being paid by the seller or seller’s broker is less than the buyer agreed to. If compensation paid by the seller is greater than the amount contracted by the buyer, the difference is credited to the buyer, not to the broker.

Use:

This contract is best used by buyers who are confident in the abilities of the broker to represent them in the purchase of the specific type and location of property they seek.

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• Addresses for two full years
• Gross monthly income
• W-2’s, if available
• Proof of pensions, retirement, disability of Social Security
• Proof of income from rentals, investments, etc.
• Proof of child support or alimony paid/received
• Year to date pay stubs

• Each creditor’s name, address and type of account
• Account numbers
• Monthly payments and approximate balances
• Amount of child care expenses

• Names and addresses of saving institutions
• Account numbers for all accounts
• Type of accounts and present balances

• List of assets in stocks, bonds, land
• Life insurance cash value (documented if used as cash down payment)
• If applicant is selling a home, a copy of sales contracts
• Social Security numbers for all parties
• Veterans—Certificate of Eligibility & DD-214
• Cash or check to pay for application fee

• Copy of sales agreement
• Copy of listing on property if we are the listing agent
• Instruction on how appraiser is to gain entrance
• List of Insurance Agents to contact in today's ever changing insurance environment