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Which is better to have when you are a first time buyer... A buyer broker vs. realtor

  • August 02 2013 - Bartlett
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Answers (9)

Forget about the title. Make sure the agent understands the market, knows the process, and will fight for your interest when and if the time comes.
  • October 19 2013
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 One may specialize in buyers only but may serve both buyers and sellers. In my opinion you want an agent that understands the entire process from both sides of the transaction! I hope you found the perfect home!

Laura Gaither
  • October 14 2013
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One in the same really! Although some agents specialize in being a professional buyer's agent. I would find someone who knows the neighborhood that you want to live in really well and understands what exactly is happening in your local market. Good luck to you!

Luke Morgan
Coldwell Banker R.B./MCRE
Associate Broker
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  • August 02 2013
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They are one and the same really. I would recommend an agent who works with first time home buyers and can educate you on the home buying process. There are many resources available to help you along the way.  
  • August 02 2013
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In Florida, a Realtor is considered a transaction broker unless otherwise specified. That means the Realtor does not owe a fiduciary responsibility to the buyer unless a single agent relationship is formed. A buyer brokerage agreement is signed between the buyer and the Realtor to show a level of commitment and loyalty to the other party. While the agreement is not required by all agents, it is important to ensure you and your agent are on the same page.
  • August 02 2013
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I think it's very essential to have real estate agent for the first time home buyer as have in-depth and up-to-date knowledge of the communities and real estate markets.  They are the one who can easily locate neighbourhoods and homes that not only fall within your price range
  • August 02 2013
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A Realtor is considered to be either an Buyer Agent, Listing Agent, which could represent the Seller exclusively or as Dual, representing both Seller and Buyer, when Purchasing a Home it is always a good idea to have representation, preferrably exclusive, this helps to protect your interest through out the buying process.
  • August 02 2013
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A Buyer Broker is a Realtor who has decided not to list property for sale.   So there is really no difference.  I'll admit that I am prejudice burt I think a FULL TIME  Realtor is better equiped with their experience to advise a client on ALL aspects of the home buying process, I think they have a better idea of how the seller might be thinking, how the seller might react to a particular offer.  I also think a FULL SERVICE Realtor generally has a better "feel" for the current market.

  • August 02 2013
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I'm pretty sure a buyer broker is a Realtor. If you are a first time homebuyer, I would definately recommend using a Realtor to walk you through the process and explain every step.
  • August 02 2013
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