Last year around 30% of homebuyers signed a buyer agent agreement with their agent. In light of the many lawsuits flying around the industry, that 30% is about to get a lot bigger!
While signing an exclusive agreement with your agent ensures their allegiance to you, the majority of these contracts seem to prioritize protecting the agent over the consumer. Surprisingly, many of these agreements are standardized by state and local Realtor associations and MLS's.
What might be even more startling is that some of these contracts can bind you to a year-long commitment with your agent (technically their broker), offering little room for flexibility. Furthermore, certain agreements limit your ability to negotiate your agent's compensation, setting only a minimum rate.
This educational resource aims to demystify the common terms found in these agreements, empowering you to identify and address unfair clauses before signing on the dotted line. Learn how to advocate for yourself by negotiating not just the minimum, but a fair commission for your agent's services.
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Buyer Agent Agreement
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