What Is A Buyer's Broker

WHAT IS A BUYERS BROKER?

The following are reasons for you to consider Exclusive Buyer's Brokerage:

Exclusive Buyer's Representation
Complete Loyalty to You the Buyer
Working for only You
No conflict of interest
No pressure to buy
Extensive knowledge of the market
Extensive knowledge and experience in the Inn/B&B Business
Unbiased showing of all properties that meet your needs
Unbiased discussion of the strengths and weaknesses of individual properties and locations
Confidentiality of your motivations and financial abilities
Knowledgeable direction to the best financial institutions, inspectors, accountants and lawyers
In short, I will represent you, advise you, negotiate with you, and totally advocate on your behalf

The 10 most F. A. Q.s about Exclusive Buyer's Brokerage:

Why do I need an exclusive Buyer's Broker when searching for an Inn/B&B property?

Answer: An exclusive Buyer's Broker represents only you, the buyer.

Why is that important?

Answer: My dedication is totally to you, the buyer. I do not have any listings and I do not have any real estate allegiance to the seller. Therefore, I have no conflict of interest and I am only concerned about your best interests. In turn, a seller's agent (the listing agent), represents only the seller's interests.

Does this mean that I have to pay for your services?

Answer: NO! My services are available at no additional cost to you.

How is a Buyer's Broker paid?

Answer: I am paid by the proceeds at the time of closing - I help you the buyer find the property that meets your needs and the seller's agent and I become co-brokers on the property and share the commission as paid by the seller. In the rare occurrence in the Inn/B&B Business that the owner is selling their own property, I would ask the seller to compensate me for bringing them a buyer. If this type of compensation is not available, I would ask for your participation.

If it is so important to work with a Buyer's Broker, why not any Buyer's Broker?

Answer: The Inn/B&B business is a very specialized business and you the buyer are best served by working with a Buyer's Broker who understands all facets of this unique business and only specializes in Inn/B&B brokerage.

Are you going to try to sell me only properties that are represented by your agency?

Answer: No, my loyalty is to you, my Buyer client. I will show you any property that I feel will meet the needs that you have described to me.

Can you show me any Inn/B&B property in the state?

Answer: Again, because my loyalty is to you the Buyer, I am free to show you everything in the state that you would like to see and I will direct you to anything that meets your requirements

Since I have learned that the seller's agent is representing only the seller and their interests, can I ask for buyer's representation after the listing agent has shown me a property?

Answer: Yes, Maine Real Estate law allows you to have representation at any point in the process. As I am sure you can understand, it is most advantageous for you, the buyer, to be represented right from the start of your property search.

As a Buyer's Broker, are you going to be as knowledgeable about the property as the listing Agent?

Answer: It is my duty to my Buyer Client to be as aware as possible about all aspects of a given property. If I do not have all of the answers up front, I will research the situation until I can provide an appropriate answer to the question.

As a buyer, I am still concerned that the Buyer's Broker is going to try to push me toward purchasing a property that may not be in my best interests, such as being too expensive, more than I can handle as a business, etc. etc...

Answer: There is no reason that I am going to pressure you to buy a property that does not meet your needs. Actually, I am not trying to sell you anything. I am working with you and for you to find the Inn/B&B property that will best suit you. My loyalty to you will be there even if we do not find the perfect Inn for you. But if we do, my loyalty will remain far beyond the closing.

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