Information for Buyers

The McCauley Team can show you more property in half a day than you can see in days on your own.

A real estate buyer's agent represents the consumer who is purchasing the property in the real estate transaction. This agent owes full fiduciary responsibilities, duties, and loyalty to the real estate buyer. The buyer's agent works for the buyer client and has the clients best interests in mind throughout the entire real estate transaction process.

The agent is sometimes compensated by the buyer through a negotiated fee. In some states the commission is paid by the seller or split between the buyer's and seller's agents based on the selling price of the real estate property. It is important for the consumer to discuss the buyer agent's compensation in the initial interview. In many cases it is recommended that the consumer and buyer agent agree to the terms of compensation prior to viewing real estate properties and sign a written agreement based on these terms. This agreement should spell out the responsibilities of both parties throughout the real estate transaction. It is important to note that in some states, legislation has been enacted to protect the buyer to the point that absent a written agreement the agent represents the buyer throughout the real estate transaction.

Consult your local REALTOR® for complete details when you first start the search for purchasing any real estate property.

The Benefits of Using a Buyers Agent

Using a Buyers Representative offers the consumer many benefits. These benefits include:
Evaluating the specific needs and wants of the buyer, and locating properties that fit those specifications.
Assisting the buyer in determining the amount that they can afford (pre-qualify) and showing properties in that price range and locale the consumer has determined.
Assisting in viewing properties and either accompanying the client on the showings, or previewing the properties on behalf of the client to insure that the identified specifications are met.
Researching the selected properties to identify any problems or issues to help the consumer in making an informed decision prior to making an appropriate offer on the property.
Advising the client on structuring an appropriate offer to purchase the selected property.
Presenting the offer to the seller’s agent and seller on the client’s behalf.
Negotiating on behalf of the buyer client to help obtain the identified property. Keep in mind that the buyer agent will be doing so with their client's best interests in mind!
Reviewing and explaining all legal documents to their buyer client.
Recommending and assisting in securing appropriate financing for the selected property.
Providing a list of potential qualified vendors, e.g. movers, attorneys, carpenters if these services are needed by the consumer.
Most importantly, the buyer would know that they are fully represented throughout the real estate transaction.

Buyer's Agent (Specific to Kentucky)

A broker can, at the Buyer's request, agree to act as an agent for the Buyer only. In these situations, the agent is not the Seller's agent, even if by agreement the agent may receive compensation for services rendered, either in full or in part from the Seller.

If you choose to be represented by your real estate agent in this prospective real estate transaction and acknowledge that the agent you are working with is your agent and not an agent of the Seller, then you will have a client status.

Dual-Limited Agent ( Agent Representing Both Buyer and Seller ) Specific to Kentucky

A real estate agent can legally be the agent of both the buyer and the seller in a transaction, but only with the knowledge and consent of both the seller and the buyer. In a dual-limited agency situation, the agent has limited fiduciary duties of utmost care, integrity, honesty and loyalty in dealings with the seller and the buyer. The agent will also have the duty to disclose all facts known to the agent materially affecting the property that are known within the diligent attention and observation of the parties. The duties of honest and fail dealing in good faith shall be due both parties.

An example in representing both seller and buyer, the agent shall not, without express permission of Seller, disclose to Buyer that the Seller is willing to sell the property at a price that is less thank the listing price, and likewise, the agent shall not, without the express permission of the buyer, disclose to the Seller that Buyer will pay a price that is greater than the price offered.

Anticipated purchase date:
*First Name:
* Last Name:
*Address1:
Address2:
*City:
*State:
*Zip:
*Email:
*Phone Number:
Work Phone (& ext.):
Fax number:
* What town are you wanting to move to?
Do you need to sell your home?	Yes No
Are you presently working with a bank?	Yes No
Name of bank:
Price range:	to
Number of bedrooms:
Number of bathrooms:
House style preference:
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