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Real Estate
Reply to "Agreement with Buyer's Agent"
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[quote=Anonymous][quote=Anonymous]I did not sign such an agreement with my buyers agent- and I loved her. She was great to work with, and the sellers listed her as the reason they chose my offer over 2 others on the table when I asked. I wouldn't have signed such an agreement- I met with two others who would have required that and both would have been a bad fit for me. I lucked into mine by meeting her at an open house. I would say search around a bit more and find an agent that doesn't give you pause or make you question their practices on dcum. Good luck![/quote] No buyer's agent is allowed to submit an offer on behalf of a buyer without a written agreement, so either PP is wrong or her agent was very, very wrong. OP, if you are worried about buying the home you currently rent, I would just specifically exclude that property from the buyer agency agreement. Then you don't have to use your agent to manage that transaction and you can do it without brokers if you want, and the % commission that you might have to pay out of your pocket would ONLY be in the case of a different FSBO where the seller is NOT cooperating with buyer's agents and you would want her to represent you. RE the additional compensation: occasionally a listing will offer a bonus to a buyer's agent, e.g. "$1,000 bonus to selling agent for offer before year end!" or something like that.[/quote]
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