Buyer Only/Seller Only firms

Question 1

What is Buyer Agency Only?

Answer 1

the firm ONLY represents buyers

Question 2

What is Seller Agency Only?

Answer 2

The firm ONLY represents sellers.

Question 3

What are the advantages of buyer/seller agency only firms?

Answer 3

1. ) never encounter dual agency

2. ) never have to act as intermediaries

Question 4

What are the disadvantages of buyer/seller agency only firms?

Answer 4

1. ) many buyers are reluctant to sign a Buyer’s Rep because they don’t want to pay a commission to a buyer’s agent
2. ) the firm is only able to collect the selling or the listing side of the commission, respectively