Buyers Representation Agreement

[Tara L.]

ALL:

Good morning. I received an email from the realtor I've been trying to work with stating that in order for them to assist me(pull cash buyers list from MLS or accomodate any other real estate assistance I'll need as an investor in this market), I will need to enter into a Buyers Representation Agreement with them. They also stated that they only work with clients working exclusively with them. Is this common? If so, what things should I look for in regards to the realtor to ensure me that entering into such an agreement will be beneficial for my real estate needs as an investor?

Thanks in advance for your response.

[Steve Babiak]

Here are some threads that will give some different perspectives on the notion of "exclusive buyer agent":

http://www.biggerpockets.com/forums/21/topics/76750-real-estate-agent?page=1#p452583

http://www.biggerpockets.com/forums/41/topics/76478-agent-steering-us-away-from-short-sales-foreclosures-etc

http://www.biggerpockets.com/forums/12/topics/73026-contacting-sellers-agent

http://www.biggerpockets.com/forums/311/topics/75732-question-about-changing-real-estate-agents

http://www.biggerpockets.com/forums/52/topics/77898-rental-agents-calling-me?page=1#p464527

That first link is good to read just for the tips on selecting an agent in the first place ...