Most real estate agents earn their living by representing buyers and sellers in property transactions. While commission rates and/or terms vary from one listed property to another, there’s no question about which agent and brokerage firm is…the yard sign alone makes that clear. For many reasons, if you are a and formalize your relationship with a signed buyer representation agreement.
Don’t make the mistake of calling the number on the sign! The agent and brokerage on the sign represent the SELLER’S BEST INTERESTS. You need to sign with a Buyer’s Agent so that YOUR BEST INTERESTS will be represented. When seller’s hire a listing agent, the listing agreement almost always includes compensation for BOTH the listing and selling agents. (SO the– the buyer will not pay the compensation for their agent) In return for providing representation and assisting you with your home search and the many transaction details, buyer’s agents expect you to remain loyal to them, making it clear to any other agents that you are already being represented. Agency relationships are based on mutual consent, so if your buyer’s representative isn’t live up to your expectations, you can cancel the agreement.
Most importantly, you shouldfrom the beginning. Each buyer’s agent has their own style and preferred way of working with clients. Each agent has their own buyer’s representation agreement, outlining their obligations to you and what they expect in return.
There are also certain things buyer’s agents are not allowed to do for you, such as advise you on which neighborhoods are “better” than other in terms of schools, crime rates or population demographics. Fair Housing Laws state agents can only point you to sources of this information, helping you make your own decisions on these and other matters.
Taking time to discuss shared expectations at the beginning of your relationship is the best way to avoid misunderstandings and— one that allows your buyer’s agent to serve you to their greatest ability and help you achieve the best possible result in your home purchase.