"Buyer's agents are licensed professionals that specialise in searching, evaluating and negotiating the purchase of property on behalf of the buyer. They do not sell real estate."
In every state that I know of the buyers agent is either a licensed real estate sales person or real estate broker, there is no separate license requirement for Buyers Agent.? The state licensing agencies are a major part of the problem, what made some sense for a listing agent borders on criminal when you try to apply it to a buyers agent.? The 1st logical qualification for buyers agent fiduciary or otherwise, is that they absolutely positively cannot act as a salesperson when they are acting in that capacity.? Agents insist they can do this on commission despite the serious and obvious conflict of interest, and spend almost all of their professional development efforts on developing their sales and marketing skills, which are in direct conflict with the skills they need to become a legitimate buyers representative.Buyers agency was adopted by agents as group, begrudgingly to protect the selling portion of the commission from negotiation by consumers.? Unfortunately the state licensing authorities allowed them, to essentially drive a square peg in a round hole, by allowing them to approach it from the sales side, with out insisting on additional training and licensing requirements.? It not only makes the claim of fiduciary responsibility ludicrous, since they refuse to even understand the buying side interests, but extremely insulting to consumer logic.
Source: http://www.zillow.com/advice-thread/what-is-a-buyers-agent/484322/
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