Click Here to Read Part 1

Ok, so you've found a great Chester County Realtor and you would like to buy a house.  Hopefully, at this point, we are working together! (This is my blog, what did you think I was going to say!)  And if you are working with me you are signing a Consumer Notice and a Buyer Agency Contract for your protection and mine.

The Consumer Notice is NOT a contract!  This is a notice to consumers so they can make an informed decision about their business relationships with real estate brokers and salespersons.  The Real Estate Licensing and Registration Act (RELRA) requires that consumers be given this notice at the initial interview.  The notice explains the different relationships you can have with a real estate professional;Seller Agent, Buyer Agent; Dual Agent, Designated Agent and Transaction Licensee.  Besides those points the notice also tells the consumer what basic duties the professional has towards them and what is negotiable.  If you'd like to see a copy of the consumer notice just click here and then click on the Contact link.

The Buyer Agency Contract IS a contract-hence the name!   The contract states that you will be appointing me your exclusive Buyer's Agent and that means I will be assisting you throughout the transaction and at all times will be acting in your best interest.  All negotiations and offers will be done through me as well.  This protects the Buyer because Agency relationships should not be assumed. 

Let's say a Buyer goes into a Chester Springs open house and starts talking to the Agent hosting, that Agent can use what the Buyer has to say against them.  Buying a home is such an emotional process it's best to have someone in your corner that is not emotionally attached. 

The contract protects me because it ensures that I get paid and it ensures that you are only working with me. It's important that you are only working with me so I can get the whole picture.  I ask a lot of questions so I can find you the best house in the shortest amount of time.  Also, I don't get paid until you settle (go to closing) on a home.  I get nothing if you don't buy.  Nada

There are other parts to the Buyer's Contract, like:

• Durations of Contract
• Compensation
• Dual Agency (if I have an Exton home for sale you you would like to purchase it I would represent both sides of the transaction if I choose to and you agree)
• Brokers Role
• Services to the Seller
• Equal Opportunity
• Pennsylvania Recovery Fund...among other things

Again, if you'd like to see a blank contract just click here and then click on the contact link.

Some agents feel uneasy asking clients to sign this contract but I disagree.  I care and respect my clients and expect the same in return.  I understand that I'm helping them purchase what is probably the largest investment they have and I understand their time is valuable.  Because I know the value I bring to them I expect them to treat me as a professional and understanding that I don't work for free.  The Exclusive Buyer's Agent Contract basically lets them know how I feel about them and what I expect from them in return for my services.

 The next part of the journey involves finding out what you'd like in a home but I'm going to save that for part 3!  Click here if you'd like to read on!

Krista Fuchs, Realtor.  Giving You The Attention You Deserve. 

I can always be reached directly at 484-459-8025.

Prudential Fox & Roach Realtors, 484-875-2600

This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License