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Real Estate
Reply to "Agreement with Buyer's Agent"
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[quote=Anonymous]You do not need to sign a document to get help from a buyers agent. The buyers agent, of course, will want you to. That language would make me nervous too. 1. Why do you need to pay $300 PLUS the seller will pay 3 percent. The 3 percent from the seller is enough. I would not sign it. 2. I think the better agents do not ask you to sign these. 3. Did you tell this person that you were considering buying the place you are living in now? That is probably why clause #1 is included (making sure he/she gets slice of the pie PLUS $300 from you). 4. If you don't sign it and this person refuses to help you, there are other RE agents that can help you. 5. If you decide to sign it (DON'T do it) PLEASE make sure it has a clause stating you can cancel at anytime; make sure it has an expiration clause (1 month?); and consider excluding the house you are in from the deal. 6. Finally, some of these contracts state that even if it expires or you cancel, they will still get 3% and the $300 if you purchase within a month of the expiration/cancelation. Watch that wording too. [/quote]
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