Philip Vander Wolk, of Buyers First Realty, has been in the real estate industry since 1982.
In 1991, Philip and his team opened the Buyers First Realty with the goal of providing buyers with professional representation and protection in helping them locate and purchase Santa Fe area real estate. Philip is passionate in his belief that his Company "is committed to doing the right thing for our clients, professionally and ethically. We are driven by integrity when representing the interests and needs of our clients."
Buyers First Realty never accepts property listings from sellers. As a result, Buyers First Realty and its agents ensure that their clients' interests are never compromised for the sake of the seller, or the transaction. Very few real estate brokers are willing to give up the very profitable business of listing property for sale. When Buyers First Realty was founded, no traditional real estate company was offering buyer representation- all real estate companies and their agents were exclusive seller's agents. Exclusive buyer's agency has caused a paradigm shift across the U.S. over the past several years with informed homebuyers demanding buyer agency representation. Today, many seller's agents from traditional listing companies will claim they can also be "buyer's agents", "buyer's brokers", or "buyer's reps". By not listing property for sale, Buyers First Realty completely avoids seller representation and the conflicts and limitations that exist when a real estate company attempts to represent the seller and buyer together on the same property (in-house listing).
Philip and his team take great pride that Buyers First Realty is an exclusive buyer's agency specializing in providing true buyer's agency representation without conflict of interest or reduction of fiduciary duties. No dual agency or designated agency!
Exclusive buyer's agency representation existed in the U.S. since the early 1980's, but the concept of true agency representation is hundreds of years old under Common Law with the premise "You Can Serve Only One Master." Dual agency attempts to represent two masters in the same transaction.