Quote:
Originally Posted by margaretmattson
Thank you. CAN and COULD is a choice. It does not mean a buyer MUST
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I think some of your confusion stems from the fact that you do not understand buyer-broker agreements. I have been using them since the late 1970's. I call mine Right-to-Locate Agreements. The buyer and I agree, in writing, on what we are searching for and a commission amount to be paid by the buyer.
If I receive part of the Seller/Seller Agent's commission than I must subtract that from what the buyer owes
and yes I do rep the buyer with that agreement and I make it very clear to the Seller/Seller's Agent from the very first contact. I also receive a retainer when the R-T-L Agreement is signed. I have an abundance of repeat business and all of my repeat buyer clients require the R-T-L. I am very good at what I do and very knowledgeable so I have no need to search for buyer clients. I, also, get a lot of referrals. I have a reputation for resolving difficult and "impossible" transactions.and accomplishing more than my clients expect. Most of my buyers recognize this and are eager to sign a contract and pay the retainer so that I can rep them.