necessarily absolve them of related costs. Buyers may request concessions or include contingencies in their offers, effectively shifting the burden back to the seller. A do-it-yourself home purchase might be pricier than a real estate agent’s compensation in the long run. On most home sales, there is a listing agent (the agent engaged by the seller to sell the property) and a buyer's agent. A buyer who goes directly to the listing agent and allows that agent to “manage” both sides of the transaction is dealing with an agent who has conflicting fiduciary responsibilities. Their job is to get the highest price for the seller, and they might not zealously represent the interests of the buyer. A buyer's agent is therefore a real estate professional dedicated solely to representing your interests as the buyer throughout the home-buying process. Once you agree to work with a buyer’s agent, you will sign a written buyer agreement outlining key services, area and compensation. Then the buyer’s agent will work on your behalf, helping you find properties that meet your criteria, scheduling viewings, negotiating offers, contingencies, terms and handling all the necessary paperwork and legalities involved in purchasing a home. You should look for an agent who's gone through extra training as a Certified Expert Buyers Agent (CEBA).
BUYER AGREEMENT GREEMENTS
New regulations obligate potential home buyers to enter into a written buyer’s agreement with an agent before touring homes. A written buyer agreement is a formal contract between you and your buyer's agent. It outlines the services your agent will provide, the terms of your working relationship, and how much the agent will be compensated. Compensation for the buyer’s agent can be directly paid by the buyer or negotiated with the
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