Err on the Side of Print

If you are acting as a broker, you may be tempted to skip the formality of a written agreement, as it may not seem necessary to you. And while it may not be necessary - you don’t always need a written agreement - that doesn’t mean skipping it is wise. Not having one could cause a number of problems in the future.

If, for example, a buyer agrees to pay you a commission but then does not, the only thing that will guarantee he is forced to pay is a written agreement. Without one, you don’t get your fee, rendering your time essentially wasted. Moreover, if you are acting on behalf of both parties - the buyer and the seller - a written agreement will make it clear who should be paying you and will prevent any miscommunication involving consent and negotiations. Finally, putting everything in print demonstrates solid business sense. It shows to your clients that you have a firm head on your shoulders and know what you are doing. It warrants respect, secures you return business and prevents the creation of bungled records.

So, it may seem easier now to do everything with a handshake and a vocal agreement, but it’s not. It’s easier to draft the necessary document, have everyone read it, and then sign off on it, because that is the only way to guarantee that the future will run as smoothly as possible, which if it’s your business, is the only way it should run.

Happy selling!
Joe

Shadow Glen, Manor, Texas | Teravista Texas Real Estate and MLS Search