I am still amazed at the look of amazement every so often when I take a lead, meet them at a chosen listing to show for a first time - and thus introduce myself as Me. It is usually a predictable outcome on these showings - Mr. Buyer drove by - called the number on the sign - gets my office - I am the one who takes the call and then I start my adventure into the world of Mr. Buyer's Labryinth. 90% of the time on these showings - the buyer does not like the house -and of course starts the dialogue of, "What else can we see and when?" It is after these words of course that any experienced agent - or agent that has been burned a time or two in the first few months of his career, and has since wised up a notch that will simply say those Ten little words, "Can you sign this Buyer's Representation so we can proceed?" It is then that Mr. Buyer looks at you and silently demands, "Whatchu talk'n about Willis?"
I explain agency, but I don't use the BBA. And I rarely have a buyer jump ship. I can imagine that at some point down the road I might, but it's not now.
Why do you ask them to sign? I tell my clients that in order for me to show them propety, the buyer rep agreement needs to contain their signatures. Office protocol . . .
Kelley, a nice read today to explain many points helpful to this industry. Thanks for sharing.
Kelley, I like your thinking on having them sign right away, especially to determine how "serious" they are as a buyer. Best to you!
KELLEY TALASEK I've definitely been down that "Yellow Brick Road." When someone contacts me about seeing a property, I send them an Information About Brokerage Services form and a Buyer's Rep Agreement. I request that we meet in my office to discuss their needs and preferences and ask them to bring the docs, along with their preapproval letter. This process separates the serious buyers from those who are on a lark. Congrats on a wonderful first post!
Kelley,
Welcome to ActiveRain!
I'm a believer in separating the serious from the rest, on occasion I just may do a showing without a BBA.
Hi Kelly, great post! Welcome to ActiveRain, I am happy you joined. I hope to see more of your post!
Hello Kelley, You know what it takes to make it in this business. Glad to see you playing in the rain.
Kelley - You are beyond your months in the business! It only makes sense to ask for a commitment from the buyers before you invest time and show properties. What I have done with hesitant buyers is a short time BA agreement, like a week, so that each of us can decide if we want to work together.
That's a good way to do it, Kelley ... it's the best way to do business but ony a small handful of Agents do it like you.
I will take a buyer out once for a couple of hours, after that, he must put pen to paper.

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