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About Appraisals >Best Interests of the Buyer

Who represents the homebuyer in the transaction? The most common scenario is for homebuyers to purchase a home with the help of the seller's listing agent. In this case, known as "dual agent representation," the real estate agent assists both the sellers and the buyers. However, it is also possible for the buyers to ask another realtor to represent their interests exclusively, acting as the "buyer's agent," a service which is available at no additional cost to the homebuyer.

Any licensed real estate agent can act as your buyer's agent, helping you to locate and look at properties in your price range. However, if that real estate agent works for the same brokerage that is listing a particular property, dual agency or designated agent rules will then apply. The buyer's agent will advise the buyer if issues arise such as termite damage or significant material defects appearing on the home inspection report. If the home appraisal comes in at less than the asking price, the agent will represent the buyer's interest, working with the seller and the lender to negotiate a satisfactory resolution.

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Real Estate Trivia
Q 
What real estate board game became the best-selling game in America just one year after it was created?

A 
Charles B. Darrow invented Monopoly in 1934, to cheer himself up while unemployed during the Great Depression. Monopoly is now the most popular board game in the world and has sold over 200 million copies.
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Brad Reeser, REALTORŪ, real estate agent and broker for Edmond, Oklahoma City and Deer Creek Oklahoma home listings, property and land for sale - NUMBER1EXPERT(tm)

Brad Reeser
Keller Williams Realty

10 E. Campbell
Edmond, OK. 73034
405-330-2626
1-800-203-4645
Fax: 405-359-1337
Email: bradreeser@NUMBER1EXPERT.com


Keller Williams Realty real estate and homes for sale in Edmond, Oklahoma City and Deer Creek Oklahoma

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