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mikeandjess
LIF Adult
Member since 10/07 2278 total posts
Name:
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real estate agent question - buyer commitment?
For those of you that used an agent to find your home, did they make you sign a buyer agreement that commits you to work with that particular agent for a set amount of time? We found a re/max agent that will not work with us unless we sign this form so I'd just like to find out if this is standard? TIA
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Posted 7/6/09 9:28 PM  |
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Prudential Douglas Elliman Real Estate
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thewinterone
You make me happy
Member since 5/05 2474 total posts
Name:
cause you are gray.
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Re: real estate agent question - buyer commitment?
Message edited 9/17/2011 1:39:37 AM.
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| Posted 7/6/09 9:59 PM |
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mcd01
Life is good : )
Member since 3/09 1932 total posts
Name:
Melissa
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Re: real estate agent question - buyer commitment?
I would not want to sign such and agreement, and if there doing there job, they should not need that type of signed documentation...
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| Posted 7/6/09 10:12 PM |
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micknjohn
LIF Infant
Member since 7/08 333 total posts
Name:
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Re: real estate agent question - buyer commitment?
Posted by mcd01
I would not want to sign such and agreement, and if there doing there job, they should not need that type of signed documentation...
Totally agree. I wouldn't sign
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| Posted 7/7/09 7:59 AM |
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Buongiorno
LIF Infant
Member since 6/09 125 total posts
Name:
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Re: real estate agent question - buyer commitment?
I would love someone to correct me if I'm wrong here- but I did sign with a buyer's agent (who is excellent) because they explained to me that when you want to see a house, and you call an agent to see it, then they are automatically representing the seller. So, they can't divulge information to you (about taxes, about comparable houses that sold, etc), but instead they can divulge information to the seller about you, the buyer.
Please correct me if I'm wrong- I'm fairly new to this process but this is what I've understood.
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| Posted 7/7/09 9:12 AM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: real estate agent question - buyer commitment?
Posted by mikeandjess
For those of you that used an agent to find your home, did they make you sign a buyer agreement that commits you to work with that particular agent for a set amount of time? We found a re/max agent that will not work with us unless we sign this form so I'd just like to find out if this is standard? TIA
You dont need to sign anything. If an agent wont work with you unless you sign a buyers agreement keep looking for an agent
Thats ridiculous
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| Posted 7/7/09 11:18 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: real estate agent question - buyer commitment?
Posted by Buongiorno
I would love someone to correct me if I'm wrong here- but I did sign with a buyer's agent (who is excellent) because they explained to me that when you want to see a house, and you call an agent to see it, then they are automatically representing the seller. So, they can't divulge information to you (about taxes, about comparable houses that sold, etc), but instead they can divulge information to the seller about you, the buyer.
Please correct me if I'm wrong- I'm fairly new to this process but this is what I've understood.
yes- that is correct
I am a real estate agent
my broker (who is also an attorney) wants us to get the aggreement signed b/c that way the seller agent must pay us our split
as a buyer's agent- we look out for the buyer 100% and work to get them the lowest price on the house
the sellers agent's job is to get the seller the highest price and be loyal to the seller at ALL times
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| Posted 7/7/09 11:53 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: real estate agent question - buyer commitment?
Posted by belladi
Posted by mikeandjess
For those of you that used an agent to find your home, did they make you sign a buyer agreement that commits you to work with that particular agent for a set amount of time? We found a re/max agent that will not work with us unless we sign this form so I'd just like to find out if this is standard? TIA
You dont need to sign anything. If an agent wont work with you unless you sign a buyers agreement keep looking for an agent
Thats ridiculous
see now that I see it from the other side
I disagree completely
the amount of work that goes into setting appointments, looking for properties is much more then I ever though it would be
at the end of the day I am going to put in alot more effort for a client that is only working with me- then one that isn't
I just don't have time to work for free- who does
I go above and beyond for everyone that I am working with to find their house- but I desserve to know that I will get paid when we find the house
the seller has someone representing them- why shouldn't the buyer?
the sellers agent can't give the buyer the inside info on the house- but the buyers agent can
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| Posted 7/7/09 11:57 AM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: real estate agent question - buyer commitment?
Posted by Beth
Posted by belladi
Posted by mikeandjess
For those of you that used an agent to find your home, did they make you sign a buyer agreement that commits you to work with that particular agent for a set amount of time? We found a re/max agent that will not work with us unless we sign this form so I'd just like to find out if this is standard? TIA
You dont need to sign anything. If an agent wont work with you unless you sign a buyers agreement keep looking for an agent
Thats ridiculous
see now that I see it from the other side
I disagree completely
the amount of work that goes into setting appointments, looking for properties is much more then I ever though it would be
at the end of the day I am going to put in alot more effort for a client that is only working with me- then one that isn't
I just don't have time to work for free- who does
I go above and beyond for everyone that I am working with to find their house- but I desserve to know that I will get paid when we find the house
the seller has someone representing them- why shouldn't the buyer?
the sellers agent can't give the buyer the inside info on the house- but the buyers agent can
I understand all the above, but to force someone to sign a buyers agent contract I believe is unethical, you can explain to them what the benefits are but to not work with them as a basic sellers agent,is silly... Not all deals are made through a buyers agent
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| Posted 7/7/09 12:36 PM |
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mikeandjess
LIF Adult
Member since 10/07 2278 total posts
Name:
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Re: real estate agent question - buyer commitment?
beth - I do understand what you're saying but what if we sign a contract with this woman and then don't like her? Or she doesn't have time for us? Those are my concerns.
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| Posted 7/7/09 12:44 PM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: real estate agent question - buyer commitment?
Posted by mikeandjess
beth - I do understand what you're saying but what if we sign a contract with this woman and then don't like her? Or she doesn't have time for us? Those are my concerns.
If you dont feel it then dont sign, thats my motto
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| Posted 7/7/09 12:58 PM |
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cindy104
This is my "Baby"
Member since 6/08 1522 total posts
Name:
Cindy
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Re: real estate agent question - buyer commitment?
Posted by Beth
Posted by belladi
Posted by mikeandjess
For those of you that used an agent to find your home, did they make you sign a buyer agreement that commits you to work with that particular agent for a set amount of time? We found a re/max agent that will not work with us unless we sign this form so I'd just like to find out if this is standard? TIA
You dont need to sign anything. If an agent wont work with you unless you sign a buyers agreement keep looking for an agent
Thats ridiculous
see now that I see it from the other side
I disagree completely
the amount of work that goes into setting appointments, looking for properties is much more then I ever though it would be
at the end of the day I am going to put in alot more effort for a client that is only working with me- then one that isn't
I just don't have time to work for free- who does
I go above and beyond for everyone that I am working with to find their house- but I desserve to know that I will get paid when we find the house
the seller has someone representing them- why shouldn't the buyer?
the sellers agent can't give the buyer the inside info on the house- but the buyers agent can
I totally agree with Beth here, very well put.....and very true!
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| Posted 7/7/09 1:07 PM |
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Nik211
my little monkey<3
Member since 5/08 3303 total posts
Name:
Nik
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Re: real estate agent question - buyer commitment?
i *think* we signed one of these agreements but i cant seem to find it....our agent has done A LOT for us - she sees houses and take pics for us (b/c we are out of state), she has taken my parents to places and we can always get in touch with her if we are interested in something or want to ask a question....so she does do a lot for us.....
but there are other things that i'm not 100% happy about....
in hindsight i wouldnt sign it - but at the same time without signing it (which i think we did) i dont think she would be going out of her way for us - i do want to get a house through her b/c she has spent over a year with us looking for a place but at the same time i cant worry about her and need to worry about what is best for DH and I
Message edited 7/7/2009 1:16:10 PM.
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| Posted 7/7/09 1:14 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: real estate agent question - buyer commitment?
Posted by belladi
Posted by Beth
Posted by belladi
Posted by mikeandjess
For those of you that used an agent to find your home, did they make you sign a buyer agreement that commits you to work with that particular agent for a set amount of time? We found a re/max agent that will not work with us unless we sign this form so I'd just like to find out if this is standard? TIA
You dont need to sign anything. If an agent wont work with you unless you sign a buyers agreement keep looking for an agent
Thats ridiculous
see now that I see it from the other side
I disagree completely
the amount of work that goes into setting appointments, looking for properties is much more then I ever though it would be
at the end of the day I am going to put in alot more effort for a client that is only working with me- then one that isn't
I just don't have time to work for free- who does
I go above and beyond for everyone that I am working with to find their house- but I desserve to know that I will get paid when we find the house
the seller has someone representing them- why shouldn't the buyer?
the sellers agent can't give the buyer the inside info on the house- but the buyers agent can
I understand all the above, but to force someone to sign a buyers agent contract I believe is unethical, you can explain to them what the benefits are but to not work with them as a basic sellers agent,is silly... Not all deals are made through a buyers agent
not sure what is unethical about it?
you walk into my office and ask me to help you find you a house
I say sure- but first I need you to sign this
I explain why
you sign and we move forward
you don't and we don't
I am not putting a gun to your head
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| Posted 7/7/09 1:26 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: real estate agent question - buyer commitment?
Posted by mikeandjess
beth - I do understand what you're saying but what if we sign a contract with this woman and then don't like her? Or she doesn't have time for us? Those are my concerns.
how did you find her?
did someone refer you to her?
did you like her right away? I tend to either click with people right away
that's just my personality
have you met with anyone else?
FM me and we can talk about concerns you have
JMHO- you aren't going to find too many agents that are not going to require you to sign one these days- the easy money days are over and agents aren't going to work for free
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| Posted 7/7/09 1:30 PM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: real estate agent question - buyer commitment?
Posted by Beth
Posted by belladi
Posted by Beth
Posted by belladi
Posted by mikeandjess
For those of you that used an agent to find your home, did they make you sign a buyer agreement that commits you to work with that particular agent for a set amount of time? We found a re/max agent that will not work with us unless we sign this form so I'd just like to find out if this is standard? TIA
You dont need to sign anything. If an agent wont work with you unless you sign a buyers agreement keep looking for an agent
Thats ridiculous
see now that I see it from the other side
I disagree completely
the amount of work that goes into setting appointments, looking for properties is much more then I ever though it would be
at the end of the day I am going to put in alot more effort for a client that is only working with me- then one that isn't
I just don't have time to work for free- who does
I go above and beyond for everyone that I am working with to find their house- but I desserve to know that I will get paid when we find the house
the seller has someone representing them- why shouldn't the buyer?
the sellers agent can't give the buyer the inside info on the house- but the buyers agent can
I understand all the above, but to force someone to sign a buyers agent contract I believe is unethical, you can explain to them what the benefits are but to not work with them as a basic sellers agent,is silly... Not all deals are made through a buyers agent
not sure what is unethical about it?
you walk into my office and ask me to help you find you a house
I say sure- but first I need you to sign this
I explain why
you sign and we move forward
you don't and we don't
I am not putting a gun to your head
If they are asking you to work as their buyer agent, yes of course I would ask them to sign it. I understood the post to be that she asked about a house.
If I call an agent about a particular house, I would expect them to make me sign a buyers agent agreement
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| Posted 7/7/09 1:44 PM |
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mikeandjess
LIF Adult
Member since 10/07 2278 total posts
Name:
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Re: real estate agent question - buyer commitment?
Posted by Beth
Posted by mikeandjess
beth - I do understand what you're saying but what if we sign a contract with this woman and then don't like her? Or she doesn't have time for us? Those are my concerns.
how did you find her?
did someone refer you to her?
did you like her right away? I tend to either click with people right away
that's just my personality
have you met with anyone else?
FM me and we can talk about concerns you have
JMHO- you aren't going to find too many agents that are not going to require you to sign one these days- the easy money days are over and agents aren't going to work for free
It was a referral through my MIL. She's an agent in NJ so she called the local remax office in massapequa and this was the woman she spoke to. She said she liked her based on their phone convo but we've never met her. MIL said she does not make people sign these contracts so she wanted us to find out and make sure if the contracts were some type of standard thing in LI.
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| Posted 7/7/09 2:07 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: real estate agent question - buyer commitment?
Posted by belladi
If they are asking you to work as their buyer agent, yes of course I would ask them to sign it. I understood the post to be that she asked about a house.
If I call an agent about a particular house, I would expect them to make me sign a buyers agent agreement
not how I read it at all...she is talking about in general
if you call and ask about a house
then you are calling the sellers agent
it would be VERY unethical for the sellers agent to force you to sign that- and not need for it
the seller's agent can show you the house- if you (the buyer) want the sellers agent to represent you (not really a good idea)
then they do you need sign a dual agencey agreement- stating you know they are working for the seller etc
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| Posted 7/7/09 2:25 PM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: real estate agent question - buyer commitment?
Posted by Beth
Posted by belladi
If they are asking you to work as their buyer agent, yes of course I would ask them to sign it. I understood the post to be that she asked about a house.
If I call an agent about a particular house, I would expect them to make me sign a buyers agent agreement
not how I read it at all...she is talking about in general
if you call and ask about a house
then you are calling the sellers agent
it would be VERY unethical for the sellers agent to force you to sign that- and not need for it
the seller's agent can show you the house- if you (the buyer) want the sellers agent to represent you (not really a good idea)
then they do you need sign a dual agencey agreement- stating you know they are working for the seller etc
I know.. I misread her post thats what i was saying...
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| Posted 7/7/09 3:05 PM |
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Cpt2007
A new love!
Member since 1/08 5946 total posts
Name:
Liz
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Re: real estate agent question - buyer commitment?
we signed one with ours, b/c frankly almost every realtor we spoke with required one. we're buying in maryland.
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| Posted 7/7/09 4:27 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: real estate agent question - buyer commitment?
I signed agreements with agents representing the seller and if they showed me a house and we ended up buying that house, they would get their commission.
We worked with several agents that showed us many homes and always signed the agreement as it relates to the homes they showed us. Not a general agreement.
eta: a buyer's agreement is 100% for the buyer and is usually fee based.
Message edited 7/7/2009 5:19:09 PM.
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| Posted 7/7/09 5:18 PM |
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