Buyer Brokers in Fremont, Pleasanton, San Jose, by Clyde Brown, Fremont, Pleasanton, San Jose Real Estate Expert

Buyer brokers are becoming more common in the Fremont, Pleasanton, San Jose area, according to real estate expert Clyde Brown, of Legacy Real Estate & Associates. 

A buyer broker specifically represents the buyer, rather than the seller in a real estate transaction.  Until recently agents always represented the seller - even if they were working with a buyer to find a home!  This practice of both agents being a "seller agent" was complicated.  The agent working with the buyer was obligated to disclose any pertinent information the buyer shared to the seller.  For example, if the buyer told the agent they were willing to make specific concessions, or would go as high as a specific amount of money, that information would be given to the sellers.  This put the agent working with the buyers in an awkward and uncomfortable position. 

Both agents were considered seller agents primarily because the commission was being paid by the seller.  However, lately the new trend is for real estate companies such as Legacy Real Estate & Associates to offer a buyer broker service.

There are several different programs for payment when hiring a buyer broker in Fremont, Pleasanton, San Jose.  Some agents ask for a retainer.  That retainer is often deducted from the commission at closing.  Alternately, the commission might be deducted from the purchase price of the property.  Another option for handling the buyer broker commission is for the seller to reduce the purchase price of the property by the amount the selling broker would have paid the other broker if they had been a seller agent as well in order to produce the commission.  In some cases the seller agent pays the commission to the buyer broker as if they were a seller broker as well.

When deciding if a buyer broker is the right choice for you, ask yourself - would you use the same attorney as the seller?  Probably not.  Having a professional real estate agent representing your interests is a wise decision.  If you would like more information about buyer brokers in the Fremont, Pleasanton, San Jose area, contact Clyde Brown at 510-371-4237 or send an email at Clyde@ClydeBrownHomes.com, or visit http://www.ClydeBrownHomes.com.

There is a lot of free information available to you about buying, selling, investing, or relocating in the Fremont real estate market. For complete information about the Fremont Ca real estate market including current Fremont homes for sale, property values, market conditions and more please visit the most complete website dedicated to everything Fremont real estate related. www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Fremont real estate agent in or near Fremont Ca, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. Clyde Brown Legacy Real Estate & Associates.

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