Should I Sign "Exclusive Right to Represent Buyer Agreement"?
Newbie Here,
Just got off the phone with an agent who says that in the state of Virginia it is required to have a signed "Exclusive Right to Represent Buyer Agreement" before he shows me any homes. Now I have no problem with loyalty, but this doesn't sound like either a true statement or a good idea if I'm looking at properties from all sources including non MLS.
Any words of advice or experience with realtors in this type of situation. I looked, but didn't find anything that said they are required in Virginia either? Anybody know how this would work if I were to sign and then buy from a wholesaler or private owner?
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#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
That sounds a little fishy to me.
I don't work with clients that use multiple Realtors but I would never make a buyer client sign one of those things. I think that exclusive Realtor/Client relationship should be built on trust.