Buyer Agency: What’s in it for you?
Traditionally, both listing and selling brokers represented the sellers in a real-estate transaction. Even though the selling broker may have spent months with the buyer looking at homes and building a relationship, the agent still had to represent the seller at the closing table. “Something just didn’t add up.”
In 1997 and then again in 2024 the rules changed. The state of Washington’s Buyer Agency Law was updated.
The new Buyer Agency Law requires the selling broker to have a signed brokerage agreement with the Buyer, Just as the listing broker represents the Seller. Though this brokerage agreement may contain a compensation provision, it is negotiable and the buyer can instruct their broker to negotiate any broker compensation into the purchase agreement.
Since we at Summit Realty are skilled negotiators and help our client in all of their real estate needs including this negotiation. Ye are also all members of the Pacific Regional Multiple Listing Service or PACMLS, we offer access not only to our own listings, but offer buyer brokerage access to just about every listing in Whitman County, the Tri-Cities and Lower Yakima Areas.
Our customers can now search listings in Whitman County and beyond by using our property search engine.
You can email us here if you have any questions.