What Do Buyer Agents Do in a Real Estate Transaction?

What Do Buyer Agents Do in a Real Estate Transaction?

Defining the Buyer Agent Role and Legal Duties

A buyer agent is a licensed professional who legally represents you during a home purchase and owes you fiduciary duties such as loyalty, confidentiality, disclosure, accounting, obedience and reasonable care. According to the National Association of Realtors, 89% of buyers used an agent in 2023, which shows how common professional representation is for buyers (NAR statistics). Recent rule changes now require written buyer agreements and that compensation be disclosed up front, so you will sign a representation agreement that spells out scope and fees (NAR consumer guide). At TurboHome every buyer starts with a 1:1 consultation so your agent documents your priorities and the compensation arrangement, protecting you from conflicts like undisclosed dual agency.

Core Services Buyer Agents Provide Throughout the Transaction

Buyer agents run targeted market research, surface both on-market and off-market opportunities, and prepare compelling offer packages. They schedule and lead property tours, help you prioritize what to inspect in person, and coordinate virtual or same-day private showings using tools like TESSA, TurboHome’s AI search assistant. When it’s time to make an offer your agent crafts the contract, recommends contingencies, and negotiates price and terms using comparable sales and seller motivation. After acceptance your TurboHome agent coordinates inspections, appraisals, title searches and all due diligence while keeping deadlines and contingency removals on a clear timeline.

Commission, Fees and the ROI of Hiring a Buyer Agent

Commission rules changed in 2024 so buyers must sign a compensation agreement before showings and discuss how the agent will be paid (Bankrate overview). Traditionally sellers paid buyer agent commissions through the listing contract, but now your agreement can state a flat fee or a negotiated split. The measurable ROI from an experienced agent includes time savings, better negotiation outcomes and risk mitigation from missed contingencies; TurboHome’s flat-fee model often saves sellers and buyers money indirectly by lowering overall market listing costs and giving buyers leverage through seller-side savings. TurboHome agents average hundreds of transactions per agent and the brokerage completed $110M in transactions this year, which helps clients win deals while saving an average of about $35,000 per transaction.

Step-by-Step Timeline: From Home Search to Closing

Start with mortgage pre-approval and a buyer consultation so your budget and priorities are aligned with market realities; TurboHome agents use AI and local CMA tools to match homes to your criteria quickly. When an offer is made the agent sets deadlines for earnest money, inspections and financing contingencies and coaches you through counteroffers to protect your deposit and timeline. During inspection and appraisal periods your agent interprets reports, negotiates repairs or credits and advises whether to remove contingencies or walk away; an appraisal shortfall may prompt a price renegotiation, covering the difference, or invoking the appraisal contingency (Rocket Mortgage on appraisal vs inspection). For closing your agent reviews the closing disclosure, confirms funds in escrow and guides you through the final walkthrough to ensure repairs were completed and the property condition matches the contract (NAR on escrow and earnest money).

How to Find and Vet the Right Buyer Agent for Your Needs

Look for licensing, local market track record and transaction volume; many agents have limited recent experience so verify closed sales in your neighborhood and ask for client referrals. Ask candidates about communication style, average response time, service scope and how they handle conflicts such as dual agency or fee negotiations. Watch for red flags like hidden fees, pressure to waive key contingencies or lack of a documented buyer agreement; TurboHome presents transparent flat fees, documented service promises and agents who average 500+ closed transactions so you get a predictable, experienced team. Finally compare written agreements, confirm who handles transaction coordination, and choose an agent who clearly explains every step rather than using heavy jargon.

Conclusion

A buyer agent protects your interests from search through closing by doing market research, drafting data-driven offers, managing inspections and keeping paperwork and deadlines on track. Given 2024 rule changes around written agreements and compensation, weigh cost versus value carefully and get representation terms in writing before house-hunting (NAR guide). Ready to move from research to action? Download our Buyer Agent Checklist, compare local agents and schedule interviews to find the best fit.

About TurboHome and How We Help

TurboHome is a modern brokerage that replaces percentage commissions with a simple transparent flat fee so sellers and buyers benefit from lower market friction. TurboHome matches you with a local experienced agent who has completed 500+ transactions and who this year helped close $110M in deals. Our tech includes the TESSA AI property assistant, unlimited private showings, free valuation and property risk reports, offer strategy meetings and contract-to-close coordination. TurboHome’s lower fees often create a 2%+ edge in negotiations and provide rebates you can apply to strengthen your offer or lower your cash to close.

Next Steps: Ready to save on your next home purchase?

  1. Click GET STARTED and fill your contact info so TurboHome can match you with a local agent. This begins your 1:1 consultation and representation agreement.
  2. Your TurboHome team calls to learn goals and confirm financing so search priorities and budget align. This ensures every showing is productive.
  3. Sign the representation agreement to lock in transparent fees and services and let TurboHome start an AI-driven search. This protects your interests and clarifies compensation.
  4. Complete your buyer profile so TESSA can surface ideal on-market and off-market homes and schedule private tours. This saves you hours of searching.
  5. Find and buy your dream home while saving thousands with TurboHome’s flat-fee model and expert negotiation support.

Ready to get started? Talk with one of our buyer’s agents today and gain peace of mind for your next home purchase.

Subscribe for email updates:

You've been subscribed. Thank you!
Oops! Something went wrong while submitting the form.