The Buyer's Realty

Exclusive Buyer Representation

Shelly F. Deshotels, Broker, CBA
Lafayette, Louisiana


History

The Evolution of Buyer Representation

Throughout history, every real estate agent was considered an agent of the seller. When one agent entered into a listing contract with the seller, their legal responsibility was to that seller. This obligation included trying to get the highest price for the home. Any other agents involved in the transaction were also considered agents (subagents) of the seller, and the same responsibilities applied. For example, if one agent had the home listed, and another agent found a buyer, both agents were legally viewed as the seller's agents. The buyers were not represented by either agent. Sometimes buyers were not even aware that their agent was not working on their behalf. Traditional agents were governed by their own moral and ethical conscience, but legally their hands were tied when it came to the distance they could go for the buyer.

In the MID 80's, a movement began to sweep the nation. Buyers had a right to know that the agent they worked with was not their own! One by one, states began to require that a disclosure notice be signed by all parties involved in a real estate transaction. The buyer would then be completely aware that their agent was in fact working for the seller. In January of 1992, Louisiana adopted this policy, and it remains in effect. (The disclosure is presented to the buyer by the agent the moment a working relationship is established). As public awareness of lack of representation grew, the need for an agent who would exclusively work on behalf of the buyer was realized. The concept of the buyer representation was born and a valuable service became available to home buyers.


Why consider entering into a real estate transaction without a Buyer's Representative? Why indeed!

MOVING ANYWHERE IN THE U.S.?

MAKE YOUR FIRST CALL TO THE BUYER'S REALTY!!


For more information, contact us today!!

  • The Buyer's Realty
    Shelly F. Deshotels
    Lafayette, Louisiana
    337-261-9090 / Fax 337-235-7999
    buyers48@bellsouth.net


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