In New Jersey, real estate
agents are required to disclose to you, at the very beginning, how
they intend to work with you as a Home
Buyer. There are
4 types of business
relationships that they are permitted to engage in in New Jersey.
Seller’s Agent |
works only for the seller.
|
Buyer’s Agent
|
works only for the buyer. |
Disclosed Dual Agent
|
works for both the buyer and seller
and can not favor either. |
Transaction Broker |
works with a buyer or a seller or both
without representing anyone and can not promote interests
of one party over the other. |
Of the 4
options above, only 1 allows a real estate
agent to represent a Home Buyer's best interests and that is as a
"Buyer Agent".
At BUYER'S ADVISORS, we work with home buyers everyday in
the Northern New Jersey counties of
Bergen, Essex, Hudson, Middlesex, Morris, Passaic, Somerset, and Union
as their "exclusive buyer's agent".
For more information please read:
The New Jersey Real Estate Commission's
Consumer Information Statement
|