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Updated about 4 years ago,

User Stats

52
Posts
11
Votes
Neel Patel
  • Rental Property Investor
  • Hazel Green, AL
11
Votes |
52
Posts

Should I sign a buyers agent agreement?

Neel Patel
  • Rental Property Investor
  • Hazel Green, AL
Posted

I have been searching for investment properties in Hazel Green, AL. I met one agent who is great and also an investor. I went to see a couple of properties that I found through Zillow, which didn't work out for me. The agent wanted me to sign an exclusive buyer agent agreement in order for him to work with him. He said that we can keep looking at homes if you want to commit to each other that way. He also said, "the seller always pays the commission, you don't pay me anything as a buyer." I understand why he would want me to sign an agreement if I am making him look out for me for my search criteria. I told him that I didn't want to hold him to search for properties for me. I expressed my interest to make him my buyer's agent when I find something and represent me for which I didn't find a need to sign that agreement. Should I have signed that agreement?  This is part of the agreement that I received from him. One reason why I didn't want to sign a contract with him is that I look for off-market deals in the area and want to have an option to go solo or bring him in at my choice. 

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