Скачать или смотреть 5 questions to ask a real estate agent before you sign a document

Five key questions a buyer should ask a real estate agent before signing a buyer broker agreement:

1. When does this agreement expire?
These agreements can be house specific, for one day, a week, 90 days, 6 months- pretty much whatever you agreed to in writing. Understanding the duration of the agreement is crucial, as well as knowing your options for extending it if your home search takes longer than expected.

2. How are you compensated, and will I have to pay any fees out of pocket? Clarify how the agent is paid, whether through a commission from the seller, a retainer fee, or other methods, and if you’ll have any out-of-pocket costs.

3. What specific services will you provide as my agent?
Ask about the full range of services included, such as help with finding financing, negotiating offers, and attending inspections, so you know what to expect.

4. How can I cancel this agreement?
It’s important to know the process for canceling the agreement if you’re not happy with the agent’s performance or if your circumstances change.

5. Will I owe anything if I don’t end up purchasing a house?
Ensure you understand if any fees or costs are due if you don’t find or purchase a property during the agreement term.

Remember to always read documents before you sign them! These questions will help you as a buyer to make an informed decision before committing to a buyer broker agreement. There is nothing wrong with agreeing to a shorter expiration upfront to make sure that you are compatible with the agent. You can always sign a longer agreement when that one expires.

#NARsettlement #buyerbrokeragreement #WhatIsABuyerBrokerAgreement #WhyDoINeedToSignADocumentToSeeAHouse #NewRules #RealEstateBasics #FirstTimeHomeBuyer #BuyingAHome #ShoppingForAHome