It is important for people to understand that sellers "sign a contract" with a real estate agent another politer way to say it is "approve or authorize a listing agreement" sounds less scary.
For 100 years there has only been an "agency relationship" document for buyers to sign. THINK ABOUT IT, how often how many changes do we face continuously in our lives. This is another one of those changes the National Association of Realtors is requiring we as real estate agents do. Have a buyer authorize, approve, or sign a buyer broker agreement. This is something that should have been done years ago.
It can be for one hour, one day, one week, one month. When I have clients who are apprehensive to approve, authorize, or sign a buyer agreement, I suggest we just make it for ONE MONTH. This way they can see how I work, how I represent them, and if they are not satisfied, it ENDS QUICKLY. IF we get along we then make it for a longer period of time, if we have not found a home in the first month.
I believe some buyers, don't stop and think, maybe just maybe the real estate agent does not want to work with the buyer any longer and they are tied up into a contract that they don't want either.
When you consider I do not know anyone who is willing to work FOR NOTHING! So why would a real estate agent spend hours searching for homes to show buyers, calling to check availability, and setting up appointments with a seller to show a buyer a home, spending lets say eight hours, and the buyer then goes out and buys another home with the help of another real estate agent.
The buyer is obligating their loyalty to the real estate agent, just like the real estate agent is obligating their time to the buyer.
I hope your day is as great as mine,
Dan Dee McGinnis
The Pumpkin Man
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