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Buyer brokerage. A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent. In the United Kingdom and Australia, the most common term is buying agent.
Buying agent. Buying agents or purchasing agents are people or companies that offer to buy goods or property on behalf of another party. [1] Indent agents or indenting agents (or firms) are alternative terms for buying agents. [2] An indent is an order for goods under specified conditions of sale. [3][4]
For example, a buyer could offer $850,000 for a house if the seller gives them $30,000 back, which the buyer would then use to pay their agent and other closing costs.
Business brokers, also called business transfer agents, or intermediaries, assist buyers and sellers of privately held businesses in the buying and selling process.They typically estimate the value of the business; advertise it for sale with or without disclosing its identity; handle the initial potential buyer interviews, discussions, and negotiations with prospective buyers; facilitate the ...
"The dollar value of today's percentage commissions is often underestimated by buyers. ... Matched with the buyer agent's commission that would mean paying overall commission closer to 4% rather ...
Reasonable care and diligence: A good buyer’s agent brings a lot of skills and knowledge to the table, from knowing about local market trends to finding comparable properties and writing offers ...
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