Buyer's Agent
Real estate · Reinvent NY glossary
A buyer's agent is a licensed real estate professional who exclusively represents the buyer in a property transaction. Their duties include property search, market analysis, offer strategy, negotiation, and guiding the buyer through closing. In most US markets, the seller historically paid both agents' commissions (typically 5-6% split). After the 2024 NAR settlement, buyer representation agreements are now required, and commission structures are evolving. Buyer's agents familiar with international clients can assist with Foreign National Loans, FIRPTA planning, and cross-border tax implications.
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