Knowledebase Tag: Buyers Rep
- I have a buyer’s representation agreement with my client and we have a contract to purchase a home pending for closing at the title company. I just received a surprise letter from a relocation company informing me that I must pay them a referral fee and that I should not discuss this fee payment with my client. What should I do?
- What is the advantage for the broker in acting as an intermediary?
- Company policy requires all buyers and sellers to agree to the intermediary practice before commencing to work with them. Does the law permit a broker employment agreement to specify this practice only?
- A buyer asked me to show him a property that’s listed for sale in the MLS, but we didn’t sign a representation agreement. If I show him the property without a signed representation agreement, would I be considered a sub agent of the seller?
- I’m changing brokers and I have several buyer clients who’ve signed buyer-representation agreements. Can I take these buyers with me to my new broker?
- I understand that it’s important to have a written representation agreement when representing a buyer and that it’s required that a broker have a written agreement signed by the person agreeing to pay a commission to enforce this right against a client. But why should I be concerned about this fee issue, since in my market the seller’s agent almost always pays the cooperating broker’s fee under the MLS residential listings?
