Rethinking Buyer Agency…
Ga. law PROHIBITS brokers (and agent) from representing a buyer as a client without first entering in to a written agreement. That has always been the case. But honestly, until recently, I have perceived the buyer agency agreement as a binder between myself and the buyers, and I believe buyers percieve it the same. My belief has been that if I do a great job the buyer will be loyal to me and we will have a successful relationship. Once we got to the point of actually making a written offer on a home I would do the buyer brokerage agreement at that time. Certainly the law is clear on that point. In order for me to present am offer on the buyers behalf then I need to absolutely represent them and their interest.
From the standpoint of protecting my business (commission) I have no desire to change that. It has served me quite well for 20+ years.
If I do my job and take care of the buyers it all works but if for whatever reasons they move on to another agent then I make $0. I like that and that concept will remain!
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