New York State Buyer’s Agent Disclosure
As an exclusive buyer’s agent, Elika has a fiduciary duty to our clients at all times. Members of the National Association of Exclusive Buyer Agents (NAEBA) are also required to follow a strict Code of Ethics and Standards of Practice, which includes a duty to act on behalf of the buyer/client with due diligence, professionalism, and reasonable care, along with a commitment of undivided loyalty.
In other words, a buyer’s agent is legally bound to work for your interest. Their responsibility is to discover and pass along any information that helps you decide on a specific property. Experienced buyer’s agents can identify properties that could outperform and experts in negotiating the best price. A seasoned exclusive buyers agent performs comparative market analysis, much like an analyst, which traditional agents do not deliver to the same degree.