agent to “manage” both sides of the transaction deals with an agent that might have conflicting responsibilities. Their job is to get a good price for the seller, and they might not zealously represent the buyer's interests. Those who market themselves as buyer’s agents indicate they only work for the buyer in a real estate transaction. A buyer's agent is, therefore, a real estate professional dedicated solely to representing your interests as the buyer throughout the home-buying process. Once you agree to work with a buyer’s agent, you will sign a written buyer agreement outlining key services and compensation. Then, the buyer’s agent will work on your behalf, helping you find properties that meet your criteria, scheduling viewings, negotiating offers, and handling all the necessary paperwork and legalities in purchasing a home.
BUYER AGREEMENT GREEMENTS
New regulations will mean that potential home buyers must sign a written buyer’s agreement before touring homes. A written buyer agreement is a formal contract between you and your buyer's agent. It outlines the services your agent will provide, the terms of your working relationship, and how the agent will be compensated. Compensation for the buyer’s agent can be directly paid by the buyer or negotiated in various forms. This agreement ensures that you and your agent clearly understand your mutual expectations and responsibilities.
Key Components of a Buyer’s Agreement
• Services Provided: Details of what your agent will do for you, such as finding homes, arranging viewings, and negotiating terms. • Compensation: Clear disclosure of how your agent will be paid. This could be a percentage of the purchase price, a
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