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Updated over 7 years ago,
- Rental Property Investor | Realtor
- Jacksonville FL | Savannah Ga |Raleigh NC
- 161
- Votes |
- 467
- Posts
locking buyer into contact w/agent whnmkg purchse offr w/ seller.
Come time in that final hour for a buyer to docusign to make an offer on a property, of the 10+ signature initials needed, often there is a few pages of buyer/agent agreements mixed in from the agent to docusign, in binding buyer; me to that agent’s agency for a period of time, and geographic radius to purchase from them or crediting them if I do purchase..….I go back and ask for contract agreement to be property specific, .…always uncomfortable, met with some resistance and angst…not standard procedure for them....
I know agent is paid by seller ahead of time, and of course I want to work with that agent to get credit on any property they look at, on-going, if offer not accepted, dont want anyone getting screwed or wasting their time, treated unfairly, etc,, but must a buyer sign a legal contract with an agent/agency to make an offer to go into contract with seller?
Is a contract mandatory between buyer and agent or vary from state to state?
Is verbally telling an agent ahead of time, that a buyer/agent agreement must be property specific, the best way to continue a friendly hunting relationship?
other options?, cuz locking in someone for a period of time and space radius to credit their agency a purchase, doesn't work...and is always slipped in at final hour to docusign offer...