Ideally, they can see things on the contract that are unfavorable to their customer. You can refer to trusted professionals in their circle, such as a trusted lender. They can also help their customers understand some potential challenges or disadvantages when buying in a particular development or neighborhood. If you`ve found a strong agent in all of these areas, it might be worth fully rallying them to your cause by signing a contract. This is a “non-exclusive” agency contract. I`m not sure they`re available everywhere. Most agents who are worth their salt will agree to terminate the agreement if you are not satisfied. If you have any doubts, discuss how the agreement can be terminated if it is clear that it is not the agent for you. Also note that if you are not under contract, the agent probably prioritizes the customers who are. You could end up 1ing commissions to multiple agents if you sign this type of agreement with more than one.
The buyer-broker agreement that best suits your scenario depends on where you live and the agent you want to help in your home search. Whichever type of agreement you choose, McKnight recommends that buyers carefully adhere to the periods of compensation and termination of the contract before signing on the points line. And talk to your agent if you have any questions; Remember that the buyer-broker agreement exists to protect both of you. As a general rule, there are four key areas of an exclusive agreement of buyers` representatives….