What is a Buyer's Agent?

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Exclusive Buyer's Agents

A real estate ‘buyer's agent’, also described as a 'buyer's advocate' or 'buyer's broker', is an agent who acts on behalf of a buyer to purchase real estate. However, not all buyer's agents are independent or exclusive, which can lead to conflicts of interest.

Exclusive buyer's agents are:

fully licensed and insured real estate agents who act exclusively on behalf of buyers to purchase real property.
bound by legislation to represent and work entirely on behalf of the buyer.
impartial - work closely with each and every buyer to find the ‘ideal’ property to suit their individual brief.
remunerated entirely by the buyer. They do not derive income or benefit through partnerships with sales agencies, individuals, or organisations in the business of selling or developing property.

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Which Buyer's Agent?

In Australia, there is a clear distinction between an exclusive buyer's agent (an independent, licensed, real estate agent who works exclusively on behalf of buyers to purchase property) and a more general buyer's agency service offered by an agent financially affiliated with a sales agency.

Many selling agencies now have a dedicated in-house buyer's agent. While their roles may differ widely, there is no doubt that they are not exclusive or independent buyer's agents.

Get to know more about buyer's agents and what questions to ask if you are looking for a buyer's agent in Cairns or Townsville, Queensland.

Frequently Asked Questions