agency agreement prior to showing, that agent represents the seller, not you. If the agent can’t explain agency concepts to you, then move to the next agent. Be sure that the agent will show you all listings or properties on the market that meet your requirements, not only listings that are handled in-house. Buyer’s agents have the legal duty to put the buyer’s needs ahead of their own, referred to as "Fiduciary responsibility." Even when an agent will be paid more for selling an in-house listing, they must inform you about other available, suitable listings and take you to see viable prospects. A good buyer’s agent will provide a home-buying education. The listing agent will point out all the features of a home; a good buyer’s agent will point to the faults — or advise when they can be overlooked. Competent buyer’s agents help their buyers to think clearly as the home-buying process unfolds. For example, if a house is a good buy, a buyer’s agent might suggest looking past the dated bathroom and kitchen and look at the space above the garage that will make the perfect art studio you desire. Likewise, a cute house with all the amenities but with knob-and-tube wiring or a 40-year-old roof might not be worth the asking price. If you decide to buy with the intention of building an addition, the agent should advise you to check the zoning before making an offer and so many other items to consider for your specific needs. Agree to sign a buyer’s agency agreement after you have met with an agent, and discuss the terms for payment, whether that's a negotiated commission structure or a direct payment from buyer to the buyer's agent. The way it use to work was by signing an agency agreemen t after attending a s howing given by the agent. However, this process is no longer allowed. This is why it is so important to interview your Buyer Agent/Broker. You need to know they are working for YOU! Working with
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