Buyer / Broker Agreement
Thank you for your interest in working with me while shopping for a home in Quail Creek / Green Valley area. I’m looking forward to assisting you in your home search!
Prior to touring a home, you will need to sign a “Buyer Broker Agreement”. The agreement outlines the services I provide, compensation for those services in the event you purchase a home, and must be completed and signed prior to viewing homes. This is a nationwide requirement of all Realtors®, effective August 17, 2024, as a result of the National Association of Realtors® (NAR) settlement agreement resolving claims brought by home sellers related to broker compensation.
1. Does the agreement require that I purchase a home?
No.
2. Does the agreement obligate me to work with you as my buyer’s agent?
Yes. The “Buyer Broker Exclusive Employment Agreement” is used when you engage my services to consult on buying a home, to show you multiple properties listed by me or any other agent or brokerage, or are shopping for a home over an extended period of time. This is an agreement to work with me exclusively as your Buyer’s Agent while shopping for, or making a purchase, in the Green Valley or Quail Creek area.
3. What about compensation? Do I have to pay my Buyer’s Agent?
Unlikely; that depends on the offer you negotiate with the seller. The agreement defines the compensation owed in the event you purchase a home. In most cases, all or a portion of my compensation will be negotiated to be paid by the Seller as part of your offer to purchase. However, sellers are free to counter the terms of your offer, including compensation, and that may include all or a portion of compensation paid directly by consumers (buyers), or through a concession from the seller.
4. Do I need to sign an agreement when visiting an Open House?
No. You are fee to visit open houses without signing any agreement.
5. Are there any benefits to working with you (Russ) as my exclusive buyer’s agent?
Yes. As the #1 Listing Agent and top selling broker in Quail Creek, you’ll have access to my exclusive portfolio of private, off-market listings. These are listings either coming soon, or privately listed and available only to my network of potential buyers. These listings are not available or shared with other agents.
[Why am I being asked to sign a written buyer agreement?]