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Updated about 6 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Madison, WI
12
Votes |
51
Posts

Buyer Representation Agreement

Account Closed
  • Rental Property Investor
  • Madison, WI
Posted

Hello,
I have two questions regarding Buyer Representation Agreements:


1) If I signed a Representation Agreement with a Buyer's Agent for a specific county, and I toured a property within that county without the Buyer's Agent, but rather with the Seller's Agent of the property, is my Buyer's Agent entitled to commission on this property that he did not show me?

2) If I signed a Representation Agreement with a Buyer's Agent for a specific property, and I toured this specific property without the Buyer's Agent, but rather with the Seller's Agent of this specific property, is my Buyer's Agent entitled to commission on this specific property that he did not show me?

Thanks!

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Marcus Auerbach
#3 Buying & Selling Real Estate Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
6,954
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4,806
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Marcus Auerbach
#3 Buying & Selling Real Estate Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Replied

A great buyers agent will be able to help you fine tune your strategy, highlight market trends, knows where and what to look for, hook you up with the best lenders, inspectors, contractors, etc, get you the full background on a property and the sellers, knows how a particular property compares to other deals and what a great deal looks like, identify untypical risks and knows what to look for before you waste time and money on an offer & homeinspection just to cancel the deal later, get the lowest possible offer accepted, oversee the transaction and handle all the paperwork, including title work and appraisal, knows how to approach a short sale differently from a REO, negotiate inspections and repairs successfully and help you make more money, safes you time and lower your risk every step of the way.

Sounds like you signed with someone who provides value by knowing lockbox numbers?

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On Point Realty Group - Keller Williams
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