The buyer-broker agreement that best suits your scenario depends on where you live and the agent you want to help in your home search. Whichever type of agreement you choose, McKnight recommends that buyers carefully adhere to the periods of compensation and termination of the contract before signing on the points line. And talk to your agent if you have any questions; Remember that the buyer-broker agreement exists to protect both of you. In short, these agreements are good. They protect the consumer and the agent/company. They allow a buyer to be present during a real estate transaction. Most consumers don`t know enough about the real estate process to represent themselves well, so it`s best to leave it to the professionals. A buyer-broker contract is a document that establishes a commercial agreement between the buyer (you) and the superior of your real estate agent (also called a broker). You will also be able to enjoy this great feeling, to know that you are able to show them all the houses that meet their needs and to have them well informed of their choices in the presentation. It`s not fun when a buyer asks you, after a purchase, why they didn`t see the house three streets away at a better price. By accepting an agreement with listing Broker on cooperation and indemnification, you can represent the buyer as a sole representative. You cannot be appointed through the intermediary, as you are not a partner of the listing broker and the facts as you describe them do not create an intermediary status. The confidential information you received from the seller when you were the seller`s representative obviously could not be communicated to your new customer, the buyer.
10. You agree to check the dimensions of the land and the dimensions of the square meter (of buildings and premises) before establishing a sales contract. All legal or other information found on this page or on other websites to which we link should be verified before being used….