Understanding Buyer Agency - Disclosure in Colorado

Thinking about buying a home? The seller will have professional representation...Will you? You see, sellers list their homes with real estate agents to assure professional representation throughout the home selling process. As a buyer, you deserve the same kind of service.

Real estate agents may represent either the buyer, the seller or the transaction. Is your agent working for you? How do you know? How can you be sure that someone is looking out for your best interests?

Colorado law requires agency disclosure to prospective buyers. Every real estate agent must disclose the types of agency through which he/she can represent you. If you do not sign a buyer agency agreement, then you are NOT being represented. Don't make this mistake. Consider your options and outcomes. Here are some facts:

Duties & Obligations	Using Your Own Buyer’s Agent	Using the Seller’s Agent
Arrange Property Showings
Keep your bargaining & financial position confidential		Must inform seller of adverse conditions affecting your buying ability
Monitor transaction to closing
Assist with financing
Disclosure & information
Provide accurate information
Advise & counsel		No!
Promote & Protect your best interest		No!
Exposure to both listed & Unlisted properties		No!
Point out reasons NOT to buy		No!
Negotiate the best price and terms for you		No!
Assist with writing the offer with your best interest in mind		No!

You do not have to sign an agency agreement (buyer brokerage) with the agent until you are sure that the agent is someone you WANT to work with. You should never feel pressured or obligated to sign anything UNTIL you are absolutely confident that the agent has your best interest in mind.

Want to learn more about "Buyer's Agency" or Colorado Brokerage Disclosure and what it means to you? Call Anthony at 303-520-3179 - my services are offered FREE of charge & without obligation or pressure. I would love the opportunity to help you locate, purchase and serve as your advocate on the purchase of your next home. Let's meet for coffee to discuss your home buying needs.

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