The successful sales associate will prepare the customer for signing the contract long before the right property is found.
After qualifying the buyer's, the sales associate should give the buyer a copy of the contract for purchase and sale and explain the more important paragraphs to the buyer.
The explanation of the contract serves two important functions:
- If the buyer receives important information from the sales associate at their first meeting, this works to cement the buyer’s loyalty to the associate.
- When the buyer becomes interested in a particular property, they are not startled when the sales associate pulls out a contract form.
A licensee may give the customer valuable information on the market and other ideas on purchasing a home but may end up working for nothing.
Many licensees request that buyers enter into a written buyer brokerage agreement for representation by the licensee, as a single agent or as a transaction broker.
Comments(1)