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Buyer Broker Agreements

By
Real Estate Agent with Century 21 M & M and Associates 01172607

Buyer Broker Agreements

 

When is the appropriate time to ask for the buyer to commit with a Buyer Broker Agreement?  When you meet the client for the first time? When you have gotten the client pre-qualified for a loan? Or maybe when you have shown them several properties.  

Why is it that some agents do not use the agreements? And should you always use them?

I am tired of hearing agents refer to buyers as liars. I love working with buyers more so than sellers.

I always use a buyer broker agreement. If the prospect does not want to commit to me, I move on.

I just have a question for agents that do not use the agreement but yet complain about the buyer.

Would you take a listing without a listing agreement?  I do not think so.  Why would it be different with a buyer?

Comments (4)

KRISTINE CROWE
COLDWELL BANKER RESIDENTIAL BROKERAGE - Dundalk, MD

First scheduled face to face appointment. Actually, in MD I believe that this is required by law. They don't have to sign it at the first scheduled face to face appt., but you do have to present it to them and explain it to them.

I won't work with a buyer who doesn't sign it. It really is in their best interest to sign it.

May 17, 2007 10:31 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Julio, Good point. Why work with someone who is not committed to you? As a listing agent, we don't start until we have a signed agreement. The buyer wins knowing that you are looking out for their best interests. Nothing better than a buyer with a good agent. Please come show my listings!

 

May 18, 2007 04:37 AM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Julio - no arguments here.  Always use a Buyer Broker Agreement.  If you don't - you only have yourself to blame!

Jul 31, 2010 10:55 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Hey this was post was written 3 years ago and still holds true!

Margaret

Jul 31, 2010 12:41 PM