Buy With Jeff Struck

Reasons to Sign a Buyer’s Agent Agreement

1. You Get a Whole Different Level of Service

The words “Client” and “Customer” may seem pretty clear cut, but in real estate they mean completely different things. Customers are not entitled to representation. A salesperson or broker cannot make any decisions on behalf of a customer. A Client has Representation: the authority to handle a legally binding matter on behalf of another person. An agent has responsibility to get the best possible deal and protect the interest of their client up to the limits of the scope of their license.

2. You Know They Work for You

There have been instances where Buyers realized at the negotiation table the Realtor® was actually working for the Seller, not them. The only way to protect your interests is to create a binding agreement that protects both parties.

3. You Have One Person to Work With

Some Buyers mistakenly think that getting several Realtors® to work with them will get them a better deal. By working with one agent, you have one hub for all your searches and information and you know you are taken seriously as a buyer.

4. The Agreement is Negotiable

You can specify any length of time, any city or general area, and a specific type of property like industrial, office, or multifamily.

5. Compensation and Payment Are Negotiable

Broker compensation is negotiable. A seller or listing broker may contribute toward a buyer’s broker fee, but this is not guaranteed. Your agreement should explain the fee, any credits and what you are responsible for paying. For example, if an agreed fee were 3% and an available contribution were 2%, the remaining 1% would need to be addressed under the agreement. These figures are illustrations, not standard rates.