It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an 'exclusive buyer’s agent', who will be working for you.
U.S. Department of Housing & Urban Development, “Shopping for Your Home Loan: HUD’s Settlement Cost Booklet.” Rev. Dec. 2009. P. 6 http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_12164.pdf
What you need is what's known as an "exclusive buyer agent." CNN Money. “Money 101, Lesson 8: Buying a Home.”
Make sure you get one who's genuine... You can find a true buyer's agent only at a firm that does not accept listings.
Consumer Reports. “Real –estate agent or buyer’s agent? “May 2005. P.13
(Buyer) brokers are obliged to get buyers the best deal possible, they approach a house with a critical eye for apparent flaws. Bloomberg Businessweek. A personal shopper for your dream House. September 11,1995
Sellers' agents and dual agents do not and cannot by law give a buyer the same degree of loyalty as an agent who acts on behalf of a buyer. ... A buyer who relies on the seller's agent or on dual agency does not receive the same degree of legal protection as that afforded by an agent acting solely on behalf of the buyer. Realty times “Oklahoma Supreme Court slams real estate commission” dated 9/24/1999
Unlike traditional agents, EBAs don't work for listing brokers, so they avoid the risk of dual agency -- when one broker represents both parties. EBAs are still paid by the seller, but they can promise to represent your interests exclusively throughout the transaction and help you negotiate the lowest price. Kiplinger. “Hire your own agent.” June 7 2011
A TRUE AGENT is one who provides 100% loyalty to his/her clients 100% of the time. No dual agency; no "designated agency", no "transaction brokerage;" no "Chinese walls;" no weasel clauses! International Real Estate Directory “ Agency and True Agents” 1995 http://www.ired.com/trueagent/
“But consumer advocates say [dual agency] cheats both buyers and sellers, denying them an agent’s allegiance and undivided attention at a time when they’re making a major financial decision. ‘You’re either loyal or you’re not. It’s like being slightly pregnant,’ says Maureen F. Glasheen, former counsel to the New York Secretary of State, who opposes dual agency.” Wall Street Journal “Could Your Broker be a Double Agent” September 8, 1995 http://www.balchbuyersrealty.com/wsj.html
In some companies the broker/owner and all the agents in that office only work with buyers. This specialization is usually referred to as "exclusive buyer agency", and their office structure is referred to as an "exclusive buyer office" Colorado Exclusive Buyer Agents Association “Benefits of a Colorado Buyer Broker” Undated http://homebuyerscolorado.org/why-use-an-eba/why-use-an-exlusive-buyer-agent/