flat fee, or another arrangement. It's important to know that agent fees are negotiable and not set by law. • Term and Termination: The duration of the agreement and conditions under which either party can terminate it. • Consumer Protection: Disclosures related to your rights, confidentiality, and potential conflicts of interest. Entering into a buyer's agreement provides several benefits. First, it clarifies your relationship with your agent, ensuring both parties understand their roles and responsibilities. Second, it shows your agent's commitment to working hard on your home search. Lastly, it protects your interests and ensures transparency throughout the transaction. A formal agreement lets you proceed confidently, knowing that your agent is committed to helping you find your dream home while protecting your interests.
MORE ACCESS TO THE REAL ES O THE REAL ESTATE MARKE TE MARKET
A real estate agent will have better access to the market and an exceptional knowledge of local conditions. The agent is a full- time liaison between sellers and buyers. An agent will have ready access to other properties listed by other agents. Buyers’ and sellers’ agents know how to negotiate a real estate transaction. A real estate agent will track down homes that meet your criteria, contact sellers’ agents, and secure appointments for viewing the homes. Buyers, on their own, have a more difficult time with these things. This is even more so when a buyer moves due to relocation or employment opportunities and does not engage a buyer’s agent to handle matters.
NEGOTIATING IS HARDER ON YOUR OWN
A real estate agent will keep the transaction “at arm’s length” so personalities and emotions do not become involved. Price
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