The Real Estate Encyclopedia
Is There An Advantage To Working With Several Agents At The Same Time?
Category - Home Buying Questions - Search & Offer FAQ's

Although you are free to determine the best approach for you, most agents will ask you to sign a buyer brokerage agreement when they begin working for you.  This document specifies the services the agent will provide and the responsibilities both buyer and agent have toward each other, including loyalty. 

 

If you visit homes or contact listing agents personally, the first question by the listing agent should be whether you have your own representative. The reason for this is the fact that agents are restricted from soliciting a client away from a competitor, in addition to the code of ethics agents maintain, which make them reluctant to undermine the existing relationship you have with an agent.

 

You should be weary of an agent that overlooks the fact you have worked with someone else or solicits your business fully aware of this fact. This agent is not worthy of your trust and will not represent your interests in the transaction. Remember the only obligation a listing agent has is to the seller of the property with whom the agent has a written agreement.  

 

If you have not worked with another agent and contact a listing agent for information on his/her property, it is perfectly ok to accept their offer to help you find the right home, if the home they have listed does not meet your requirements. This agent then becomes your agent and will ask you to sign the buyer brokerage agreement. This agent may be very well qualified to help you out, since he/she is likely to know the area and neighborhoods very well. 

 
Category(s)
Home Buying Questions - Search & Offer FAQ's
[edit]
Home   |   About Us   |   Contact Us   |   Patrons   |   FAQ's   |   Site Map
© 2008 - All Rights Reserved.
Thank you for visiting Real Estate Wiki - the leading dictionary, directory, encyclopedia and glossary for the real estate and mortgage industries .