BUYER AGENCY AGREEMENT - FAQS

The Buyer Agency Agreement is a written agreement that formalizes the working relationship between you and your real estate agent.

It outlines the services your agent will provide and how your agent will be compensated for helping you find and purchase a home.

Not necessarily. We can negotiate with the seller to include the buyer’s agent compensation in the offer. In some cases, the seller may still cover this cost, but if not, the agreement will detail your responsibility regarding the agent’s compensation.

The new NAR rules require this written agreement before touring properties. This ensures that both the agent and the buyer have a clear understanding of the services being offered and how compensation will work.

While it may seem like an additional cost, the buyer has traditionally been responsible for the agent’s commission because they are the party bringing the funds to the transaction.

In reality, the commission is typically factored into the overall purchase price of the property, meaning you were always covering it indirectly.

This new agreement doesn’t necessarily increase your costs but provides greater transparency from the beginning, so you know exactly where your money is going and avoid any hidden fees or surprises later in the process.

Offering a buyer’s broker commission attracts more agents to show your home, increasing your exposure to potential buyers. This can lead to quicker sales, more competitive offers, and even a higher sale price. Without a commission, agents might be less likely to show your property, limiting your reach and marketability.

In short, it boosts your visibility and incentivizes agents to bring qualified buyers.

By signing a Buyer Broker Agreement, you gain a dedicated advocate for your real estate needs. The agreement ensures that your agent is fully committed to representing your interests throughout the home-buying process, from negotiations to closing. You’ll also have clear terms about compensation, so there are no surprises later. This structure fosters a partnership built on transparency, trust, and clarity.

Check their experience, communication style, and market knowledge. Ask for references, trust your instincts, and make sure they align with your needs. Pick up the phone and call them. Meet for coffee. This is an important decision, so take the time to vet the right agent for you.

Yes. The buyer agent’s commission can be part of the negotiations with the seller. I’ll help guide you through this process to ensure we reach an agreement that works best for you.