Through my career, I have heard both sides to the buyer broker agreement. For many Realtors using the agreement, they are very effective and they would not consider working with a client without it. On the flip side, Realtors who do not use it, have found they are successful and see no need.
This past year, I have come in contact with many Buyers who have a buyer broker agreement with another agent, yet they are still in need of information. Of course, I limit my conversation and never advise to cancel the agreement. But, I am still curious as to why they are calling other Realtors and not their agent of choice?
In some cases, the buyers with Buyer Broker Agreements are wanting to change agents and/or cancel their agreement as if their current business relationship is meaningless. I understand that not every client is going to be a business match. But do you think that buyers today are taking the agreement lightly and feel that it's just another piece of paper and they can just cancel when they want? Is it even worth it to use in today's market? What are your thoughts?
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