Did you know the Real Estate Institute of NSW (REINSW) has Exclusive Buyers Agents – Best Practice Guidelines (Independence)
Exclusive Buyers Agents must:
• Act exclusively as a buyers’ agent in all real estate sales transactions
• Be completely independent of vendors and selling agents and only accept fees or commissions from buyers
• Not list or sell any property (other than a property in which they have a legal or equitable interest)
• Not act on behalf of, or take payment from any other party in a real estate transaction (such as property developers)
• Not demand or receive referral fees for referring a buyer or potential buyer to a selling agent
• Not represent any buyer where a conflict of interest exists or is likely to arise
• Not operate out of a selling agent’s office
Real Property Buyers are independent exclusive buyers agents and adopt REINSW Best Practice Guidelines.
To learn more and keep up to date with the latest property trends, contact Michael, Principal Buyer’s Agent at Real Property Buyers.