buyers broker agreement: What The Buyers Broker Agreement Is NOT For And What It Does. - 11/28/10 12:53 AM

Hi guys. I hope ya'll had a good Thanksgiving. This is a follow up to my last post "I hope I didn't "steal" Your Buyer. I was just doing my job".
Ok let me see if I can expand on BBAs just a little bit more. Clear your mind and really think about these things. The BA is not....
A BBA is NOT just to guarantee that we get paid. In fact this is probably it's least important purpose. A BBA is NOT designed to replace taking the time to build a lasting relationship with your buyer. A BBA … (34 comments)

buyers broker agreement: I Hope I Didn't "Steal" Your Buyer!! I was just doing my job. - 11/24/10 05:41 AM
Hi folks. Today I want to talk a little bit about our responsibility to ask Buyers and Sellers if they are working with another REALTOR®. Is this something we are obligated to do by our Code of Ethics, or not? What do you think? 
Here's an example: Recently, a Buyer contacted me by phone to get some information on a couple of my listings. I asked him if he was working with another REALTOR®. He said that he had gone out looking at properties with a REALTOR® the previous week. I then asked him if he had signed an agreement with … (60 comments)

buyers broker agreement: Buyer Broker Agreements Simplified - 01/15/09 07:34 AM
OK this is a follow up to my post yesterday. I received this email:
You are right Bryant, I should not work with 2 realtors at the same time and got a bit excited after reading your blog. It occured to me you are more than an average realtor (broker/listed agent) and may get few properties ahead of everyone else and sometimes yet to be listed in MLS. There are few foreclosure specialists in Chicago area that work on fee based service.
Please don't think otherwise but appreciate if you can clarify the following:   If you are like anyone else, what advantage does a buyer … (55 comments)

buyers broker agreement: Buying Cheap Real Estate In Today's Market. Reality Check. - 01/14/09 11:49 AM

OK so my head is exploding today!!! So much going on and so many posts that need to be written. Including my year end market report for Poinciana Florida. But today I want to write about BBAs (Buyer Broker Agreements) and why they have never been more important that they are right now. 
I expect I'll get all the usual responses about "My clients would NEVER buy a house behind my back" and "The commission doesn't matter to me". If you believe these things to be true this post may not be for you OR maybe it's EXACTLY for you! 
(57 comments)

buyers broker agreement: List with me and just pay me whatever you feel like!!! - 11/25/08 10:31 AM
Marianna Wagner started quite the discussion earlier this week with her post, "How to Take Advantage of Struggling Real Estate Agents, as a Seller". I was going to write a post to address many of the comments about "I'll show any listing regardless of commission" and "I always put my client's interest first" but then I realized I had already written that post. So here it is.
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Are you being honest with yourself?First posted 2-24-2008

Here's a little scenario for you.
"Hi Broker Bryant. We saw your ad in the paper and would like to list our property with you."
(136 comments)

buyers broker agreement: I ain't signin' no frickin' agreement!!!! Part Deux - 06/09/08 10:42 AM
I wrote a post last week titled "Working with Buyers on a wing and a prayer!" This one is a follow with some pointers that may help in getting a Buyer Brokers Agreement (BBA) signed if you choose to work with one. And I hope you do. Here's what I do. 
First, if a buyer calls me to see one of my listings I will meet them at my listing to show it to them. At this time, I will not show them any other properties unless I happen to have another listing that's similar. 
If Buyers are just calling in, … (50 comments)

buyers broker agreement: Working with Buyers on a wing and a prayer! - 06/05/08 04:26 AM
Hi folks. Today I want to talk a little bit about our responsibility to ask Buyers and Sellers if they are working with another REALTOR®. Is this something we are obligated to do by our CoE, or not? What do you think? 
Here's an example: Last week, a Buyer contacted me by phone to get some information on a couple of my listings. I asked him if he was working with another REALTOR®. He said that he had gone out looking at properties with a REALTOR® the previous week. I then asked him if he had signed an agreement with them, … (97 comments)

buyers broker agreement: Sorry.....I won't work for that! - 09/25/07 08:45 AM
Hi folks. Today I want to talk about co-brokes. Now since this post will be about commissions, please let's not use specific percentages, we don't want to upset Sherman and his anti-trust crew. I'm going to be talking about principles anyway so amounts are not important.
First, I want to clear up a major misconception in our industry "I do NOT have to show your listing if the co-broke is less than I'm willing to work for." It is neither unethical or illegal for me to pass on showing your listing.
Do you believe that? Well, whether you believe it or not, it's … (49 comments)

buyers broker agreement: Buyers are liars, jerks and time wasters! Or NOT! - 07/23/07 10:22 AM
Today, I read a post written by Maggie Dokic. If you haven't read it stop and give it a quick read. Her post and the comments have inspired this post. Her post is about a Buyer not being loyal and using different REALTORS® to look at properties. By the way, I thought Maggie handled the Buyer fairly well. I thought some of the comments were ridiculous. REALTORS® were calling the Buyer names. So that's what sparked this post.
Folks, it is NOT the consumers responsibility to protect our commissions. They are also not obligated to stay loyal to you just because you … (63 comments)

buyers broker agreement: I ain't signin' no frickin agreement! - 05/11/07 10:41 AM
On Monday, I wrote a post, about a Buyer that had looked at one of my listings, with another REALTOR® and had called me the next day trying to go behind her REALTORS® back and make an offer directly through me, the listing Broker. Anyway in that post I had mentioned using a Showing Agreement (SA) to protect your interests and then switching over to a Buyer's Broker Agreement (BBA) after the first couple of showings. I had a couple of folks, in the comments, ask me about a SA, so I thought I would write this post to explain what … (57 comments)

buyers broker agreement: Let's call a Real-a-tor, they'll do anything! - 05/07/07 02:34 PM
I had a call earlier today, from a Buyer, that had seen one of my listings yesterday with another REALTOR®. She called to let me know that she really liked the house and she wanted to make an offer. Now folks, I like offers, so this sounded pretty good to me. So like the good little Broker that I am I suggested she call her REALTOR® and have them write it up and send it over to me. Well, she didn't want to do this. She wanted me to write it up because she figured she would "get a better deal" … (71 comments)

buyers broker agreement: Are you being short changed? Not by me! (recycled and edited) - 02/01/07 10:08 AM
I've read quite a few posts, lately, on ActiveRain and other sites, talking about commissions. What's fair? Who pays the commission? Are we worth what we charge? How come I didn't get 50% of the commission? And on and on and on. Anyway, I wrote this post back in July and thought it would be a good time to recycle it. Why not? It's mine and I can do what I want with it. It has been edited slightly (a lot). It doesn't answer all the questions but it does address one of my pet peeves, the ole' 50/50 split "requirement". … (12 comments)

buyers broker agreement: Compensation or performance? Which one will it be? - 12/26/06 01:06 AM
There's been a couple of posts, recently, about alternative ways for Realtors to be compensated. One idea, put forth on ActiveRain, by Brian Brady and then by Jeff Corbett, is compensation based on performance. I guess the reasoning behind this is that we, as Realtors, would have an incentive to negotiate harder for our Sellers and therefore, get them a higher selling price for their property, if we had an increasing pay scale. I've been thinking about this for a couple of weeks and I am having difficulty coming up with a plan that I feel would work. First, I always … (90 comments)

buyers broker agreement: For goodness sakes! Pull your pants up! - 10/11/06 04:40 AM
I wrote a post on Buyer Broker’s Agreements the other day and lo and behold, the consumer showed up. Here are the comments from a Buyer left on my post. So this is just a reminder to be careful what you say and write. Unless it is a “Members Only” post the consumer can and will find it and read it. So don’t get caught with your pants down. Also, I thought his comments from a consumers perspective were excellent and sad. So read away. His comments are not edited in any way.
"******I read your post concerning BBA's and I … (51 comments)

buyers broker agreement: Taxi! Taxi! Sorry, not me, I'm a professional Realtor. - 10/07/06 08:22 AM
Recently I have read lots of discussions on the benefits of using a “Buyer’s Broker Agreement”(BBA). While I think we all agree they are a good thing to use, some Realtors seem to be having problems getting them signed and are not quite sure when to do this. As most of you know, I do not make it a practice of working with Buyers. However, since I am an expert salesperson, I am going to attempt to make using this agreement easier for you.
First, let’s all get a clear understanding of what it is we do as Realtors. What are we … (62 comments)

buyers broker agreement: Are you being short changed? Not by me. - 07/19/06 10:33 AM
On a local Realtor forum I participate in I have recently been hearing a lot of Buyer Realtors complaining that the sales commission is not being split 50/50.
Ok let me see if I can explain this commission split thing in simple language. I am a lister of properties. It's what I do. When I meet with potential Sellers I tell them the minimum amount of money it is going to cost them to use my services and get their home sold. This depends on how realistic they are on pricing, how much money I will spend on marketing, whether I have … (7 comments)

 
Bryant Tutas, Selling Florida one home at a time (Tutas Towne Realty, Inc and Garden Views Realty, LLC) Rainmaker large

Bryant Tutas

Selling Florida one home at a time

Winter Garden, FL

More about me…

Tutas Towne Realty, Inc and Garden Views Realty, LLC

Address: 628 Grand Canal Dr, Poinciana, Fl, 34759

Office: (407) 870-9003

Mobile: (407) 873-2747

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