I Use the Buyer Representation Agreement in Waikiki

Reblogger Lori Bowers
Real Estate Broker Owner 01293735 CA

The buyer broker agreement really works to sort out the users from the buyers. We cannot work for free. I just had a call from a guy who wanted to see a property and said he only made offers with the listing agents. He said he would not sign a buyer broker agreement. I said I would go ahead and show him 2 homes and then he could decide. He said no because he was going to buy from the listing agent. At least I found out before I wasted my Sunday afternoon with him.

Original content by Andy Kress

I was a realtor in La Quinta, California, for 5 years. I moved to Waikiki, Hawaii about 2 years ago and recently got back into real estate. In California, I was diligent about using a Buyer Representation agreement. I was active in Tom Ferry Coaching while in California, and learned from Alan Shafran, a top Prudential agent from Carls bad how to present the Buyer Representation Agreement.I am just starting to work with clients. I had my first sit down yesterday and my broker John was there to assist. He was able answer many questions from my out of country buyers. I then explained to them that to have me for their agent was free. The seller would pay me. I needed a written committment from them, that if they did buy a condo they would buy it from me. I explained what I would do for them from loan preapproval to finding a home to closing. Even after closing, I would be there for them. They signed and we have started the process. I was so happy and proud that my skills still work after a 2 year recess from real estate. I tell agents - would you list a home without the sellers signing the listing papers? Why would we as agents work for buyers without a written agreement of committment?

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Rainmaker
241,501
Frank Castaldini
Realtor - Homes for Sale in San Francisco
Coldwell Banker

I haven't used on yet.  But there are a few instances where I'm sure one would have saved a bit of headache.  Thanks for the reminder.

October 10, 2010 03:01 PM
Rainmaker
652,246
Bob & Carolin Benjamin
East Phoenix Arizona Homes
Benjamin Realty LLC

Good for you getting a buyer broker -- it will save you a lot of grief to always get one.

October 10, 2010 04:00 PM
Rainmaker
333,409
Dan Brudnok
REALTOR,e-PRO,ABR,GREEN,SRES,CSP
Keller Williams RE- Exton - PA License Number #RS225179L

We have been using it in PA for 10 years now......and I would not show a home without it......

Setting the expectations up front makes for a much better relationship.

October 11, 2010 08:46 AM
Ambassador
737,753
Lori Bowers
The Lori Bowers Group

Thanks for the repsonses. This is a powerful document

October 11, 2010 02:03 PM
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Lori Bowers

The Lori Bowers Group
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