"The introduction of buyer's brokers takes a horribly one sided process and simply makes it fair."
-- Medical Economics
"Buy your home using a new breed of real estate agent --- the buyers agent - and get your best deal ¡K Using a buyer agent saves home buyers an average of 5 percent of what they would have ended up paying the traditional way, according to a recent survey."
-- Woman's World
Confide to a traditional real estate broker that you're prepared to bid as much as $150,000 on a house, and the broker will tip off the seller. Tell a buyer broker, and the seller will never know."
"Buyer brokers: agents that buyers can call their own." "If your real estate agent isn't a buyer broker, he works for the seller." "Buyers no longer have to fend for themselves"
"Many people don't realize that, unless specifically stated otherwise, brokers are legal representatives of sellers. A buyer's broker, representing only the buyer, may be able to secure a better price and better terms".
"Exclusive agencies are best. They remove any conflict of interest, which is the main reason for considering a buyer broker in the first place. Exclusive buyer's brokers work only with buyers and don't take listings. They're obligated to help you find the best deal and lowest price."
"A broker who has developed a relationship with a buyer might know things that the buyer might not want a potential seller to know--like how much the purchaser is willing to spend. The broker, however, more often than not has a duty to disclose such information to the seller since most brokers are really working for the seller. Hiring a broker as a "dual agent" may have its own built-in tensions. "It's hard to serve two masters," said William Colavito, a Manhattan lawyer who is chairman of the real property section of the New York State Bar Association. "Just as it would create a problem for a lawyer to represent both sides in a transaction, it could create the same problem for a broker." "Generally," Mr. Colavito said, "a buyer would get the most protection and the best advocation by dealing with a buyer's broker."
-- The New York Times