Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

52
Posts
14
Votes
James De Silva
  • Real Estate Investor
  • Berkley, MI
14
Votes |
52
Posts

Buyer's agent contracts

James De Silva
  • Real Estate Investor
  • Berkley, MI
Posted

I'm in the process of putting in offer for a property, which was introduced to me by a realtor (though it's also publicly available on Zillow). Before putting in the bid, he's asking me to sign a buyers agent contract. There are two things with this contract that I don't like.

1. An exclusivity arrangement for all enquiries relating to the purchase of any single family property 50k to 100k through oakland county MI to be done through this broker for a period of 3 months.

2. An $295 fee that must be paid, even if I decide to not go through the purchase. 

I don't recall having to do either of these with my previous purchase. Is this something I can ask to be removed from the contract or negotiate out? I'm a real estate investor in Oakland County, Michigan obviously.

Loading replies...