FAR has a Showing Agreement form available to all Realtors. The form is very similar to a Buyer's Brokers Contract but it is specific to an identified properties. We have used the form frequently when simply showing a buyer 1 or 2 properties. Should the buyer want to expand the search and engage us further we will then transition into a Buyer's Broker Contract.
Does anyone else out there in AR land use the Showing Agreement and/or do other states even offer to suggest such a contract?
Our Buyer's Agency agreements have a place where you can make it "property specific." But I wonder, what instances would you need to do that? Would you really want to work with someone if they were only willing to commit to you for just one showing? I suppose a "limited" agency agreement is better than no agreement!
Rich Jacobson, www.KitsapLife.com
Rich, sometimes the buyer calls us on an ad for a specific single property off the internet. In these cases we're generally not the listing Realtor and need to protect ourselves from an end run. We use the BBC once we have determined they want to look at other properties. Buyers are a lot less reluctuant to sign a SA over 1 property and our Realtors are more confident in asking for them on the first showing for a single property.
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