BEST ANSWER
FIRST ANSWER
Goodmorning - Hi, my name is Linda Holland and I am an agent with Coldwell Banker Willis-Smith in New Bern.
It sounds as though you have been in a situation where you have not been completely satisfied with your representation as a buyer? Exclusive buyer relationships are just that. A buyer hires an agent to represent their best interests in a transaction, be loyal to them by using their skills, their diligence, and to follow the buyer's lawful instruction as "the deal" progresses. Of course all of these same duties are paid to the sellers by the Selling Agents; however, until you make an agreement with a Buyer's agent, you should avoid telling them anything you would not want a seller to know. That means any personal information about what your income is, why you are buying a home and of course what you can afford to pay. It's all about negotiation, now more than ever. So when you say you want an agent who isn't going to be a shrinking violet and go get you that deal, it's more about what the seller is willing to agree to in order to sell their home. Agents can't make clients sell their homes significantly under the listing price, nor should they encourage them to do that if they are providing them their skill and loyalty. Even in this time of lower interests rates and a large inventory of homes, Seller's still do not want to give their homes away. A home is in most cases a person's biggest investment. That money may be for their retirement or who knows what...Just because they can afford to cut their losses doesn't mean that a Buyer's agent isn't doing their job if after several attempts at negotiation fails. If you feel that you are not being represented, then you should talk to your agent to determine your path forward.
So, to answer your question more directly, yes, there are exclusive agents who work for you and no they are not to disclose personal information about you if you have an agency agreement with them, and yes they should work for you using their skill to negotiate the best price for you with the seller's agent. Your role as a buyer is to have a realistic expection. If you want to buy a home for $200K, then you and your agent should be looking at homes that are in that comparable market, not the homes you hope to negotiate down to.
Buyer's are still in the driver's seat, so the best of luck to you!
Best regards,
Linda Holland, Broker
Coldwell Banker Willis-Smith
LindaSellsNewBern.com
Thu Sep 17 2009, 02:01