On September 7, 2016, the California Supreme Court will be hearing oral arguments on a case that could have ramifications for how real estate agents work not only in California, but across the country. Hiroshi Horiike v Coldwell Banker Residential Brokerage Company et. al. calls into question the representation owed by real estate agents and brokers to the parties of a dual agency transaction.
Continuing with its 20-year history of advocating for home buyers, the National Association of Exclusive Buyer Agents filed an Amicus Curiae or “friend of the court” brief on behalf of the plaintiff in a case currently before the California Supreme Court. In his suit Horiike v. Coldwell Banker, plaintiff Hiroshi Horiike contends that even though the listing agent was originally contracted by the seller, because the listing agent was an agent of the same broker and in the same brokerage as his buyer agent, the listing agent also owed him, the buyer, representation as well.
Real estate laws are varied and complex, with layers of legislation at the state, county and local level. When it comes to buying a home, having an Exclusive Buyer Agent on your side assures that you receive the critical local insights to help you get access to the utmost in due diligence and contractual protection.
A better selection of homes to choose from is the goal of many home buyers as they set out to buy their next home. One way of achieving a greater ‘inventory’ of homes to select from is to choose agents who are exclusively representing real estate buyers. These exclusive buyer’s agents have made the commitment to identify all homes in the marketplace, including homes listed in the Multiple Listing Service (MLS).