Buyers Agent vs Facilitator- Who represents my interests the best
The Tennessee Real Estate Commission (TREC) has very specific guidelines for licensed agents about how individuals in a real estate transaction are represented and we wanted to help you understand the differences:
- There are two ways a licensed agent can work with you– as a Buyer’s Agent, or as a Facilitator/Transaction Broker.
- It can get complicated figuring out which role can do what, but basically it breaks down to this:
- A Buyers Agent can give you opinions, share their expertise and is bound to represent your interests and your interests only in a transaction. When you work with a Buyers Agent you are a client.
- A Facilitator/Transaction Broker can give you information that is publicly available if you ask for it. A Facilitator/Transaction Broker does not represent you, and buyers working with a Facilitator/Transaction Broker are considered to be unrepresented in the transaction. When you work with a Facilitator/Transaction Broker you are a customer.
Ask Your Agent for more information, or email us at firstname.lastname@example.org