What is a Buyer's Agent

A buyer’s agent is an agent that represents the buyer or buyers exclusively in a real estate transaction.  Typically, in a real estate transaction, the listing agent contracts with a seller to offer the property for sale on the market for a fee.  In most listing agreements, that listing agent has agreed to offer a buyer’s agency commission to be paid out of the total marketing fee.  The commission is typically offered to all buyers’ agents in a given market, regardless of which brokerage the buyer’s agent works for.  When a buyer’s agent successfully procures a buyer for the listing agent’s listing, and that transaction closes, the buyer earns their commission.

Effectively, the buyer’s agent is paid by the seller.  However, the buyer’s agent has a legal fiduciary duty to the buyer.  The buyer’s agent must always act in the best interest of the buyer, and may only disclose to the seller or listing agent that which they buyer wishes them to disclose.  So, it’s effectively the buyer’s agent’s job to get the best terms and price for the buyer, while they are paid by the seller.

Some buyers’ agents’ require a buyer to sign a Buyer’s Agency Agreement when they begin working together.  This agreement spells out the buyer’s agency relationship and stipulates the commission the buyer’s agent will earn.  It does not require the buyer to purchase a property, but stipulates the buyer will use that agent in a given market.  Buyer’s Agency Agreements can be beneficial to both parties because it legally protects both parties’ interests throughout the process.

Over 600 Client Reviews

My wife and I relocated to Austin from the east coast and didn’t know a realtor in town, so looked online. We called a few different people and really seemed to click with Eric. He knows Austin very well, which is what we really cared about, since we knew little about the various Austin neighborhoods.…


Eric is such a fantastic realtor! I had a distressed home to sell and Eric gave me the advice I needed to list it at a price that would sell. His suggested price was right on, and the house sold in a week! Eric was always available and replied quickly to all of our questions.…


My wife and I found Eric online in 2011 when we were considering moving to Austin. Eric was very helpful showing around various neighborhoods during my business trips that made my decision to move to Austin easier. Unlike most agents, Eric also helped us find an apartment for around 6 months so that we could…

Call Now! 512-687-6290