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Home Property Tips :: Buyer's Real Estate Agent
Buyer's Real Estate Agent: Real Estate Protocol for a Buyer's Agent
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If you've contracted the services of a buyer's real estate agent, there are several protocol guidelines you should follow to avoid sticky mistakes, confusion, legal problems and potential agency or commission problems.
To learn how to follow the rules, and avoid agent issues, keep reading.
Don't Contact a Listing Agent
If you're already working with a buyer's real estate agent, don't call the listing agent directly to show you the house.
Basically, if a listing agent shows you a home, they'll be expecting to represent you, possibly selling the home under dual agency.
Essentially, if you already have an agent, let them do their job and show you the house themselves.
Bring Your Buyer's Agent or Card to Open Houses
By announcing to a hosting agent that you're already represented as a buyer and giving them your agent's card, you're protecting yourself against any possible confusion.
Also, if you don't have your agent with you, try not to ask the hosting agent about the seller – instead, let your agent do that for you.
Sign a Buyer's Broker Agreement
Signing a buyer's broker agreement contracts you to your agent and clearly lays out what each of you will do for one another.
Before you sign, find out if you have an exclusive or non-exclusive agreement and make sure you understand the difference.
Also, ask the agent if they'll release you from the agreement if you're not satisfied with their level of service.
If they answer “no,” then this may not be the agent for you. Instead, look for an agent that's willing to stand behind their business.
Don't Have an Agent Show You Homes Until You've Signed
A procuring cause is a commission law that states that the real estate agent that caused you to buy a home is the one that actually gets the commission.
Therefore, if you get one agent to show you a house, then sign with another buyer's real estate agent and then wind up buying that house, you could find yourself embroiled in a nasty and unpleasant procurement cause commission battle.
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