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Ordinary (Seller's) Listing Agent |
Exclusive Buyer Representative |
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Can show you all the homes in the MLS (Multiple Listing
Service). |
Will show you all the homes in the MLS, For
Sale By Owner properties, foreclosures, even properties
that are not on the market! |
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Can tell you the price the seller's are asking for homes
but cannot suggest an offering price. |
Will tell you the price the seller's are asking for homes,
will calculate the fair market value of the home for you,
and assist you in developing an offering price by
using comparable sales data. |
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Can provide "raw" information on comparable homes that have
sold in the area. Not allowed to interpret that data for
you. |
Will provide and interpret information on comparable
homes that have sold in the area and help you formulate an
offering price and negotiating strategy. |
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Can convey your offer to the seller or their agent and
convey their response back to you. |
Will guide you through the entire negotiation
process offering advice and information every step of the
way! |
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Can provide you with a "list" of title companies, home
inspectors, and other professionals for you to choose from. |
Will recommend title companies, inspectors, and
other professional services you will need! |
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Can tell you some general information about the seller. |
Can tell you everything they can find out about the
seller and their motivation for selling! |
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Must tell the seller everything they know about you, your
financial status, and your motivation for buying. |
Will keep any information about you confidential if
it would weaken your negotiating position! |
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"Thinks" in Seller's terms (i.e.: Get the highest price
possible for the home) |
"Thinks" in Buyer's terms (i.e.: Get the lowest possible
price and best terms for the Buyer, not the Seller). |