You should specifically ask any real estate agent showing you
property who they represent. Don't assume that the real estate agent showing you
property represents you unless they specifically provide you with an exclusive buyer
agency agreement for you to read and sign.
Most states require that real estate agents provide you with a
written "Agency Disclosure" for you to read and sign acknowledging who the agent
represents. You are required by law to receive this form upon first meeting with any agent
in Massachusetts.
The terms "Disclosed Dual Agent" and "
Designated Agent" mean that the real estate agency does not represent your interest
100%. Only an exclusive buyer agent having both the real estate agency and agent
pledge 100% loyalty and fiduciary service to your home buying needs can represent you
fully. Many real estate agencies that claim to act as buyer agents, also list
property for sale. This leads to a potential conflict of interest if you desire to
purchase a property represented by the same real estate firm you've hired. We
recommend to work with a firm that represents buyers only. That way you eliminate
those potential conflicts of disclosed dual agency.
Ask any Realtor for references prior to hiring them to
represent you. An experienced buyer agent should be able to provide you with ample
satisfied references.
For references and to locate a reputable exclusive buyer agent, call 888-877-8300 or
request more information online without any obligation.