Builder-broker vs buyer's agent in Victoria: which one do you need?

A buyer's agent searches for, assesses and negotiates a property purchase for you, often through to settlement. Fees and services vary, so get both in writing.

A builder-broker helps you compare building and house-and-land options, including designs, inclusions, site costs and builders, so you can see the differences before you choose. The builder still does the building.

Buyer's agents usually charge you a fee. Builder-brokers vary: some are paid by builders and some charge clients. TKBG is paid by the builder you choose, from a share of the builder's margin, so it costs you nothing extra. Whoever you use, ask how they're paid and get it in writing.

Buyer's agents must hold an estate agent's licence or work as an agent's representative. You can check with Consumer Affairs Victoria. Builders must be registered with the Building and Plumbing Commission. Ask any adviser which licences or registrations apply to their work.

Yes. Some buyers use a buyer's agent to find land or an established home, and a builder-broker to compare builders and packages. Be clear on who does what and how each is paid.

Usually a builder-broker, because the big decisions are the builder, design, inclusions and site costs. You'll still want your own conveyancer or solicitor, plus finance advice.