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Updated over 16 years ago, 04/09/2008

User Stats

120
Posts
29
Votes
Ryan A.
  • Rental Property Investor
  • Lisbon, CT
29
Votes |
120
Posts

Why work with a buyer's agent??

Ryan A.
  • Rental Property Investor
  • Lisbon, CT
Posted

I've been working with a few Realtor agents to look for property. Each agent covers a different geographical area.

I've been researching everywhere looking for opinions on the relationship between a buyer's agent and an investor. I've even read the Realtor's association web articles trying to get a sense of how they feel. I understand there are agents that work well with investors and others who don't take it so well.

Both agents want me to sign a representation agreement but are very opposed to the idea of modifying the agreement for shorter than six month terms and are also opposed to a modification that excludes FSBO and unlisted properties from our agreement.

My thinking is: if I sign with agents and then I find a private seller who does not want an agent or brokerage involved, I don't want to have to tell my agent if I don't want to. I definately don't want to pay comission to my agent if they didn't find me the house and I can handle negotiation and paperwork!

The buyer's agreements are worded so that ANY property I acquire within the term will be subject to comission fees.

What should my position on this be?? How do agents handle investors? HELP!

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