Should buyers sign a BUYER / AGENT AGREEMENT contract?
Many real estate agents require their buyers to sign a BUYER / AGENT AGREEMENT stating that they agree to work exclusively with that agent. The reasoning is this: all agents have access to the same information. Therefore, if a buyer is working with 3 different agents, each agent is searching the same database and performing the same service, yet only one agent, ultimately, will receive compensation. The agreement is to ensure compensation for the agents efforts. If your agent is doing his/her job, you’ll only need one! The BUYER / AGENT AGREEMENT is an acceptable practice; however, I recognize that a relationship either exists or it doesn’t. A relationship is not about a piece of paper legally binding a buyer to an agent. A relationship is about a mutually beneficial exchange based on integrity. Therefore, I do not require buyers to sign a BUYER / AGENT AGREEMENT. Choosing an agent As there are all types of buyer personalities, there are also all types of real estate agent personalitie
