Buyer Broker
A Buyer Broker is a real estate broker who specializes in representing buyers. Unlike a seller broker or conventional broker, the buyer broker has a fiduciary duty to the buyer, because the buyer accepts the legal obligation of paying the broker. The buyer broker is obligated to find the best property for a client, and then negotiate the best possible purchase price and terms. Buyer brokerage has gained a significant amount of respect in recent years, since the National Association of Realtors has changed its code of ethics to accept this designation.
(more Buyer Broker information below useful links)
See Also
Bond Fund
Fiduciary Duty
Lien
Quit-claim Deed
Quit-claim Deed
Realtor
Seller Broker
More Buyer Broker Information
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