Coldwell Banker


Patrick Montrose Realtor ribbon Patrick F. Montrose - REALTOR®, BA, MA, MAT
Associate Broker
Certified Relocation Specialist
Coldwell Banker Legacy Realtors
6767 Academy Road NE
Albuquerque, New Mexico 87109
Pat@PatMontrose.com
(505) 857-2344 Office Direct Line
(505) 239-4253 Mobile
(505) 281-9249 Fax

Buyer's Broker

Put simply, a Buyer's Broker is an agent of the BUYER. Under New Mexico Real Estate Commission Rules, a Realtor is automatically a sub-agent of the Seller unless a Buyer specifically requests the Realtor to be a Buyer's Agent.
How does a Buyer benifit from having a Buyer's Broker?

Patrick Montrose A Buyer's Broker can:
* Negotiate the best price for the Buyer.
* Do a Comparative Market Analysis of the home the Buyer is interested in purchasing.
* Hold confidential all conversations with the buyer.
* Discuss matters such as schools, neighborhoods, trends, etc., with the Buyer.
* Represent the Buyer in the purchase of a home.
* Assist the Buyer in obtaining financing for the home purchase.
* Inform the Buyer of all the different inspections available for the property selected.

What does it cost the Buyer to have a Buyer's Broker?
* I do not charge a buyer any money at all! My commission is always paid by the Seller.


Seller Agent vs. Buyer agent
Services and Duties Provided Seller Agent Buyer Agent
Arrange property showing Yes Yes
Assist with financing Yes Yes
Provide accurate information Yes Yes
Explain forms and agreements Yes Yes
Monitor escrow and closing Yes Yes
Give you advice and council No Yes
Keep your bargaining and
financial position confidential 		No Yes
Promote and protect your
best interests 		No Yes
Negotiate the best price and
terms for you 		No Yes
Point out reasons not to buy No Yes
Pass on information that may
inhance your bargaining position 		No Yes
Assist in writing the offer with
your best interests in mind 		No Yes
Exposure to both listed
and unlisted properties 		No Yes
Show listings from all the
different companies in town 		No Yes



So you can see, it's a win/win situation for a Buyer to have a Buyer's Broker. Always ask your Realtor if they will be your Buyer's Broker (and check to make sure they don't charge you for it, some Realtors do).

Top Ten Signs You Have A Bad Real Estate Agent Dance
10. "For Sale" sign in your front yard turns out to be a yellow post-it note on your mailbox.
9. Asks if you would have a problem with illegally occupying homes while the owners travel abroad.
8. Lists your house "For Sale" without your permission. Figures you may get an offer, "you can't refuse."
7. President Clinton repeatedly stating he has no recollection of your agent's activities.
6. Says, " Now I don't know if this house is for sale or not, but let's go in and take a look around anyways."
5. States that the three main keys to real estate are location, something, and something else...
4. Closing contracts appear to be printed on Malibu Barbie stationary.
3. Keeps asking, "Well now that you've seen the house, would you like to see my appendix scar?"
2. Instead of using a lockbox, just kicks door in.
1. Currently waiting in his office across from Ed Bradley and a 60 Minutes crew.

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