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Shuchi Agrawal Yes, it protects you and the buyer.
No normally not.... I have upon rare occasion.
I never do. It they like you they will stay with you. I am not going to sue any one.
I think it is a must to have a buyers Rep agreement.
Yes, if they won't commit to me, I won't commit to them.
I usually have my buyers sign on the second day, so we both can see if we are a good fit.
We are transactional in Oklahoma so we represent the transaction, but we do have abuyers agreement that outlines 10 core services we must provide. The good news is that order entry types have to have a special addendum saying what they won't provide that a full service REALTOR® does provide.
Shuchi Agrawal you got me! I do discuss the Buyer's Agency agreement - and my compensation structure. I also go over the relationship of trust. However, only few signed agreements.
And I think I should make it mandatory.
I do get one. Not always at first, but shortly after the first meeting.
No. I like not having a signed agreement becaise it allows me to evalute along the way whether this is a buyer with whom I can get a deal one.
Not right off, but at some point I'll introduce it into the process.
Shuchi, we do not as most don't in our area, but I am sure open to it after losing a client or two lately to FSBO's.
Rarely. It's not common practice here but if I am investing much time and have a sense they might be talking to other agents I do.
I only wish I could, but it doesn't seem to be the normal practice around here.
Yes ma'am I'll show them one home with no buyers agreement. If they want to see another they sign or I leave...