Did you have to sign an agreement with your Realtor in 2023??

[Jorge Armas]

Hello BP,

I'm a new investor in Broward county, Florida which is where I live. I'm starting to work with a local realtor and after a few days, I received these documents to sign as part of the "onboarding" process. I'm a little concerned about this and I would like to hear if you had a similar experience with your local agent.  Are those fees for real? I know the American Home Shield is optional, but the last image is not and is the one I'm most concerned about. 

[Kevin Kohler]

@Jorge Armas I think you are already seeing the gambit of proposals and negotiations JUST FROM posting the screenshot on BP.  The facts are very simple:

-Some agents will say and do anything to "earn" your business/trust

-At the end of the day, the SELLER should be paying 100% of the costs associated with the purchase on residential property.  
-You aren't required to sign a home warranty agreement
-You aren't required to sign a BUYER agreement
-Remember who the real estate broker works for...YOU!

-Even if a seller is paying the cost, you still end up covering it when you buy the property...SO - interview the agent, make sure you like the way they speak and act.  Make sure they know their stuff.  Depending on the type of asset you want to find, maybe I am the right choice, or maybe Adam or Jay or someone else is a better fit for you.  

A real estate agent has a fiduciary duty to protect you with real estate.  Your lender has a duty regarding the financing.  Attorney for title/protections, etc.  

All my team and I ask of our buyer clients is to understand we can only take a limited number of buyers at a time and that we Value our weekends and afternoons as much as any other person, therefore if we find you a deal, we would expect a fair compensation for the value we provide.