Answer: Shreveport Bossier City real estate and new home buyers should be able to expect loyalty and confidentiality from a real estate agent who represents the buyer in the real estate transaction, "buyer's agent'.
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> An buyers agent should promote your best interests and provide you with all available facts that could influence your decision about making an offer for a home.
> A buyer's agent will offer research materials that help you make a realistic offer.
> A buyer's agent should give you the "what if" scenarios about the clauses in a contract. The agent may recommend additional contract contingencies to protect your interests.
> A buyer's agent should track and handle many of the day-to-day needs required to get to closing (such as inspections, helping you find a lender, tracking the progress of the loan, working with the closing attorney or agent).
Your contract with the agent
An exclusive buyer agency agreement normally ties you to one agent. That means in some cases you may owe the agent a commission even if you switch to another agent or agency. A non exclusive buyer agency lets you have multiple buyer agents without altering standard contracts, but some agents won't work in that capacity.
> The contract should cover a specific time period agreeable to both parties
> The agreement should be in writing. It should outline the expectations of both the buyer and the real estate agent.
> The agreement can be far-reaching or cover listings only in a specific geographical area.
> The contract should address agent compensation. Buyer's agents are usually paid a portion of the seller's
> The contract should address agent compensation. Buyer's agents are usually paid a portion of the seller's commission at closing, but not always. Ask how the agent expects to get paid. What if you buy a for sale by owner property? Will you pay the agent's commission? If not, get it in writing now.
> A buyer agency agreement is a binding contract. Be sure you understand every aspect of it before you sign.
When you contact an agent
> Verify that the agent can work as a buyer's agent.
> Ask the agent to explain the services you can expect if you make him or her your buyer's agent.
> Ask for a blank copy of the buyer agency contract and take a day or two to study it. If some aspects of the contract concern you, ask the agent to delete or alter them.
> Find out how dual agency is handled - A good Shreveport Bossier City real estate agent will explain "Dual Agency" if it applies at your first face to fact contact and ask you to sign a Dual Agency Disclosure acknowledging that explanation.
> Don't let anyone pressure you into signing an agreement that doesn't feel right.
The bottom line
> Don't sign a buyer agency agreement until you know the agent is the right one for your needs. A good Shreveport Bossier City real estate agent will explain the Law Of Agency at your first face to face meeting. Then ask you to sign a disclosure acknowledging that disclosure has taken place. A "Buyers Agency Agreement" and "Agency Disclosure" are not the same thing.
> MAIN OFFICE® Shreveport and Bossier City real estate agent professionals have experience helping buyers reach their goals. You won't have to sign any contracts when you put a MAIN OFFICE® real estate agent professional to work finding your new home. When you're ready, give us a call. We'll be there.
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