buyer broker agreement: It's not your job to sell me a home?
- 05/18/12 06:25 AM
First time buyers are sometimes surprised when I tell them that it's not my job to sell them a home. As their buyer's representative, the only selling I do is when I am charged with selling my clients' offer to the current owners. As buyer representative, it's my responsibility to help my clients find the best property that comes closest to meeting their wants and needs. The next task is to do accurately determine the market value of the property, followed by doing all possible to negotiate on their behalf to obtain the best price and terms possible. The buyer's broker … (3 comments)
buyer broker agreement: Why should I sign a buyer's broker agreement?
- 05/13/12 02:20 AM
Home buyers begin their journey to a lifestyle upgrade filled with enthusiasm and a little apprehension, and that is as it should be. Your home purchase is usually the greatest financial commitment in your life, and it's hard to not worry that you're doing everything right. Today we'll address the reason why you probably need to formally engage a buyer representative sooner, rather than later. You have gotten together with a loan officer and provided the needed information and documentation that is needed for you're prequalification for a home loan. You have found an agent who seems like a good fit … (9 comments)
buyer broker agreement: Your Minnesota Real Estate Agent May Not Be YOUR AGENT
- 01/23/12 04:23 AM
Your Minnesota Real Estate Agent May Not Be YOUR AGENT Most home buyers have never bought a home before, and many others have not bought a home in a fair number of years. There are a few elements in the buying process that can make a huge difference in the degree of success in your buying experience. At your first face to face meeting with a real estate agent, Minnesota Statute requires that you be presented with an agency relationship disclosure. It will define the different types and levels of ways real estate professionals will interact with you, and you will … (1 comments)
buyer broker agreement: Why should we be afraid to make a commitment to friends and family?
- 01/04/11 12:26 PM
Many real estate professionals are insistent on a buyer broker agreement for prospects. They change their stance when they are dealing with friends and family. What makes some of us choose to treat those close to us so poorly? A buyer broker agreement is a written commitment to subject ourselves to fiduciary responsibilities in relation to our clients. We must put their interests ahead of ours, and we must accept the responsibility to obey their lawful requests. The fact that someone is a friend or relative should not interfere with their right to have a real estate professional legally committed to … (2 comments)
First time buyers are sometimes surprised when I tell them that it's not my job to sell them a home. As their buyer's representative, the only selling I do is when I am charged with selling my clients' offer to the current owners. As buyer representative, it's my responsibility to help my clients find the best property that comes closest to meeting their wants and needs. The next task is to do accurately determine the market value of the property, followed by doing all possible to negotiate on their behalf to obtain the best price and terms possible.
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