OfflineI think I've found my agent. Just one question I wanted to run past everyone on here. She (my agent) asked me to sign a Buyer-Broker Agreement. I would just like to know everyone's input on this before I sign it. Is there anything specific I should ask to add to it? She works for Coldwell Banker and I'm guessing it's the companies standard Agreement. Also what is the normal commision everyone pays their agent?
Thank you in advance for your input!
-Ty
__________________
There are many agreements REALTORs will have available to their clients. The biggest concern for investors will be the Exclusive Buyer Agency Agreement”.
This is a contract that a buyer is oftentimes asked to sign by a buyer's agent which in part commits the buyer to use this one agent exclusively for for any deals offers you want to write. It will also state that if you buy a property from another agent, you'll be responsible to pay your original agent a commission...in other words the agent is telling you that no matter what happens they will be paid a commission. So you don't want to sign this type of agreement.
All agents are paid a commission by the seller (home owner). So if you're simply buying a property or assigning a contract, you will not have to pay a commission.
Make sure you read ALL agreements/contracts before you sign them.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125