Why Bay Area Home Buyers Need a Fiduciary Real Estate Agent

how fiduciary buyers agents earn their commission

With changes in 2024, home buyers will have more visibility into the compensation of agents than ever before. It’s important to know the value a buyers’ agent brings to a buyer, especially if the buyer is paying out of pocket.

Whether it’s a buyers’ market (with plenty home inventory to choose from) or a sellers’ market (with little inventory and lots of buyers), it’s important to have an agent who isn’t simply leaving you on your own to figure out the rest.

Even when buying new construction direct from the developers, having a trusted advisor to review contracts and notice sticky issues can help you avoid an investment that might not be right.

A home purchase (or a long-time home sale) are huge decisions.

The agent you choose should add extreme value to help you with the million details, all aspects of home investigation, negotiation, creative home searching, connecting you with expert inspectors and vendors, and being there for whatever else comes along.

Compare what a “functionary” real estate agent does with what a “fiduciary” real estate agent offers in this excellent analysis by Gary Keller and Jay Papasan in The Millionaire Real Esate Agent. Keller and Papasan define a fiduciary as “an agent who has made the commitment to place the client’s interests ahead of the interests of others. Even their own.”

My commitment to clients aligns with that Fiduciary column — much as would any lawyer, financial planner, 1031 exchange professional, or other trusted advisor you might hire. Clients more often find me pointing out a property’s flaws than trying to sell you on it.

Please check out my client testimonials and let’s get started on your home journey with a no-obligation buyer consultation. I will be honored to help you make your dreams and goals come to life!

fiduciary versus functionary real estate agent

The difference between a functionary and fiduciary explained in a simple comparison table, by Gary Keller in the Millionaire Real Estate Agent

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