Allen Brothers Houston Real Estate

Why Buyers should have representation agreement?

May 6th, 2018 1:40 PM by AllenBrothers Realtors

Why use a Buyer Representation Agreement?

Buyers may drive around on their own, and call the agents listed on the for sale sign. When they do so, they might not realize that the listing agents are solely representing the Seller, and cannot also represent the Buyers.
Buyers may walk into a builder's model home or one under construction, and don’t realize that the sales person is actually working for and representing the builder. The listing agent has a fiduciary duty to the builder, and will be acting in the best interest of the Seller. So, the Buyer would need a Buyer’s Agent in order to have representation in a real estate transaction.
REALTORS® should use written agreements when possible, according to the Code of Ethics, and the Residential Buyer/Tenant Representation Agreement (1501) available only to Texas REALTORS® .

Posted in:Buyer Reprensentation and tagged: Home Buyers

Posted by AllenBrothers Realtors on May 6th, 2018 1:40 PM

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Why Buyers should have representation agreement?

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