dedication, and experience. The “wow factor” will simply wear off. Meet with prospective buyer's agents in their offices, in your home, or at an agreed upon public location where you can talk quietly. A good buyer’s agent will want to know whether you’re pre-approved for a loan by a lender, what kind, and the terms of the loan you’re getting. If you are not yet approved, they should offer you several trusted lender referrals to connect you with a great lender. They should spend adequate time to discover what you’re looking for in a house. They should listen as much as talk and ask questions. Watch to see if the agent makes notes. If the agent doesn’t broach the topic, ask for an explanation of his or her understanding of agency relationships and obligations to you. The law requires agents to explain whether they’ll be working for the buyer or the seller whenever they have substantive contact with a customer or prospective client. If the agent doesn’t offer you a buyer’s agreement, that agent is representing 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 be showing you all listings or properties on the market that meet your requirements, and 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. Even if 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. With the changes that came down from NAR, your buyer's agent will contact each listing agent to see if that seller is willing to pay buyer's agent compensation (BAC) and how much. Your agent should then let you know what, if any, compensation will be potentially covered by the seller and how much, if any, you will owe based on your arranged compensation agreement. Even if the seller says they will only pay X%, you and your agent can formulate an offer to try to have all of the agreed
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