Traditional firms cater to sellers. Their business model is built on getting as many listings as possible. They get those listings by promising the sellers they will get them the highest price possible for their homes. At an exclusive buyer agency, it’s all about buyers and helping you get the best terms possible.
2 You will never doubt which side your agent is working for.
3 You’re not at the mercy of the “double dip.”
Many companies give their agents a higher commission split if they sell an in-house listing. If the agent sells you her own listing, the commission is even higher. Ask yourself, if a problem comes up during your inspection period and you want out, which agent is more likely to help you terminate your contract: an EBA who will make roughly the same amount no matter which house you buy, or an agent who stands to make much less if you might chose another property not listed by her or her company?
4 A remarkable level of commitment.
Consider that EBA’s willingly turn away half of their potential business when they say “no” to working with sellers so they can be 100% committed to serving buyers. Odds are that agent feels “a calling” to help buyers find the right home and acquire it at the best terms possible. Isn’t that the kind of agent you want handling your purchase?
5 There’s practically no downside and no extra cost.
You benefit from having an experienced industry insider working on your behalf for free. Most EBA’s are paid the same way traditional agents are paid; the listing agent splits his commission with the buyers’ agent when the deal closes.
