Buyer Broker Agreement between Agent and Investor

[Luis Aviles]

I was just wondering, I have an agent working with a broker firm and she wants me to sign this buyer broker agreement. And the broker fee up front of $500. They claim that I would be able to shadow someone to learn the business. Also, they would put an EMD into escrow for me and hold it. A lot of weird things going on that I really don't understand. Can someone help me out with this?

[Russell Brazil]

@Luis Aviles There are plenty of agents out there who will not require any sort of retainer fee.  Part of the question here though is how much time you plan to use of your agent.  Are they going to show you 20 properties, or 200?

I personally do like buyer/broker agreements. I typically do not have my clients fill one out until we are writing a contract, and even then I only do so because my company requires that I have one for every contract. However I put in mine that they can be negated with 1 days notice.

Good agents do not need to contractually tie a buyer to us. If someone doesnt want to work with you, why would you force them to? Thats just not good for business.