Kansas City Buyer's Agent

Definition Of A Buyer's Agent

Choosing the right Kansas City Buyer's agent is important because in many cases there will be a solid listing agent representing the home seller's best interests. So having a great Buyer's Agent representing you as the buyer can go a long way towards evening the playing field and, in many cases, give you the advantage during your home purchase.

The Kansas Brokerage Relationships In Real Estate Transactions Act of 1997 states that a Buyer's Agent is responsible for the following...

Promoting the interest of the Buyer with the utmost good faith, loyalty and fidelity.
Protecting the Buyer's confidences, unless disclosure is required.
Presenting all offers in a timely manner.
Advising the Buyer to obtain expert advice.
Accounting for all money and property received.
Disclosing to the Buyer all adverse material facts actually know by the agent.

These guidelines are the MINIMUM a Buyer should expect from their Kansas City Buyer's Agent. Home buyers should also expect that their agent will assist with providing market comparables and going over current market conditions and how they affect the home being considered. All of this together helps a buyer make an informed real estate decision. A knowledgeable buyer's agent also has the ability to take a buyer's wants and needs and turn them into realistic goals, considering the available inventory on the market.

Buyer's agents should oversee contract negotiations for the buyer, as well as overseeing resulting inspection negotiations. A buyer's agent needs to be organized in tracking the transaction from contract to closing and be ready to act promptly on issues that may arise. Many buyer's need assistance from home inspectors to mortgage lenders and home warranty companies. Every real estate transaction is different and a good buyer's agent will have answers to the majority of buyer questions and be able to get answers to other questions that may arise.

The Kansas City Regional Association of Realtors has an Exclusive Buyer's Agency Contract (between buyer and buyer's agent) that is based on much of the above. If you would like to review a copy of the Kansas Brokerage Relationships In Real Estate Transactions Act or the KCRAR Exclusive Buyer's Agency Contract, please contact us to request the info.