Buyer Broker Agreements - Do or Don't Do

By Tim Lewis

Real Estate Agent with ERA Simmons Real Estate, Ltd.

August 02, 2008 03:29 PM

I am looking for comments about Buyer Broker Agreements and do they work well in small communities. Please feel free to comment.

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William Collins

ERA Queen City Realty - Scotch Plains, NJ

Property and Asset Management

Tim,

Thanks for the post. I am in a fairly populated area in New Jersey and buyer broker agreements don't work here.

Aug 02, 2008 03:39 PM

Denise Shockey

RE/MAX Aerospace Realty - Cocoa Beach, FL

Cocoa Beach, Brevard County Florida Real Estate

Very interesting question, I wonder about this myself. I know people who say to never go without one. I also think that it can sometimes hurt business, but I will wait and see what others have to say. Thanks.

Aug 02, 2008 04:00 PM

Trey Affolter

Keller Williams Realty - Tacoma, WA

Brings HOME Results!

I never have used them and can only think of one time in 11 years where it may have been effective. I think if you provide value, and conduct a thorough consultation, you will have committed clients.

Aug 03, 2008 04:24 AM

David Smith

United Country - Homeplace Properties - Capon Bridge, WV

We do not use them here. I just help the buyer find exactly what they are looking for and if they are serious buyers and appreciate what I do for them, they will continue to work with me.

Aug 03, 2008 10:21 AM

Tim Lewis

ERA Simmons Real Estate, Ltd. - Alamogordo, NM

e-Pro, CNE

Thanks for all your responses. I can see that I'm not alone when it comes to "not" using the Buyer Broker Agreements. I think special circumstances would have to prevail to use it. Thanks again!

Aug 03, 2008 10:50 AM