Gallery Realty of Taos Moving to Buyer Brokerage

Posted by Jim Kimmons, Broker/Owner • July 26, 2009 • Printer-friendly

For several years, I've considered doing buyer brokerage, rather than representing sellers and buyers. The current Taos real estate market has helped me to finalize that decision. My listing clients are moving to other brokerages, and I'm going to work only with buyers in the future.

Buyer brokerage, if done properly, does not allow the taking of listings. The fact that you could be showing your buyer one of your brokerage's listings is viewed by some as a possible conflict of interest. I agree, as the fact that commission income would be doubled could very easily influence the actions and decisions of a broker.

I want my buyer customers to know that I'm working completely in their best interests, as I will never be taking them to my listings. I also want to let all buyers know that I work for the stated shared commission in the MLS, and that any bonuses offered by the seller will be rebated to my buyers. I want not even a hint of the perception that I may be showing a certain property before or instead of others due to a bonus offered.

Gallery Realty of Taos, the new Buyer Brokerage in Taos, NM.

Wind sculptures in Taos