buyer brokerage

Thumbnail image for Buying a Home – Real Estate Agency Relationships

Buying a Home – Real Estate Agency Relationships

by Sara Driscoll August 18, 2010 Buyers

Agency is one of the most important concepts in the Home Buying Process. An agent can work exclusively for the buyer, the seller, or as a “dual agent”, in which case, both parties are represented either by the same agent or the same company. It’s important to understand what you can expect in any of these scenarios before you make an offer on your ideal home. Begin your relationship with a personal consultation, which should last anywhere from 20 minutes to an hour. The best agents welcome the opportunity to make sure you’re a good match for working together.

You can also choose formally to have your agent represent you exclusively. A Buyer Brokerage Agreement is similar to a listing agreement, in that you have a written contract outlining your agent’s responsibilities to you and yours to them.

Read the full article →