At times people who want me to show them houses don't want to sign a "Buyers Agency Agreement". They feel that this will lock them into some kind of contract that will limit their options. I'll give you three reasons why it IS in your best interest to sign this agreement.

1. The Law of Agency (Common Law) is the body of law that governs the relationship that exists between brokers and their principles (Clients). The point I am attempting to make is that the relationship between "Buyers" and Realtors is governed by law.

2. In accordance with "Agency Law" all Realtors/Agents are subagents of the seller unless they work for a firm that ONLY represents buyers. What exactly does this mean?

If you DO NOT sign the "Exclusive Buyer Agency Agreement" then I represent the Seller, not you, as I am showing you properties. This is significant as I would think you would rather I look out for your best interest, not the sellers.

3. If you want to be able to work with another Realtor next week that's OK. We can make the length of this agreement one day to cover the houses I show you today. If you don't like any of these and want to speak with another Realtor next week you are free to do so because our agreement has expired.

The only limiting factor in this one day agreement is that if I show a property and you want to buy it. I am eligible to be paid since I was the reason you were able to view this property. I DO think this is only fair.

So, by signing the "Exclusive Buyer Agency Agreement" I am able to represent YOU not the seller, legally obligated to look out for your best interests, and the agreement can cover any time period we agree on.

Hopefully this helps to clarify why YOU should want to sign the "Exclusive Buyer Agency Agreement".

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