Quote:
Originally Posted by Craig Vernon
I am not up against any deadline to buy my forever home in TV, but my retirement date is approaching. With the new real estate law most realtors are requiring a buyer's agent agreement to show properties listed on the MLS. I saw one of these forms from a large realtor in TV that stated that I was exclusive with them for sixty days on any purchase. I am wary of the possibility that these agreements can limit my buying experience in a ton of ways. Few Examples: For Sale By Owner, VLS, Promptness of showings may be limited, delays in paperwork or offers. I believe in the motivation of commissions but with exclusivity to an individual agent the dynamic changes. I will be watching and waiting to hear of any experiences coming after new law takes effect on August 17 and moving forward. See you all as a neighbor in TV early 2025!
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You stipulate the dates - the properties you identifyto the agent area, price, county, etc.(&whether FSBO etc) and area, a county, whether the seller is paying the compensation and not you, and the amount of the compensation! Be wary of boiler plate contract already filled in for you They wishful thinking on the part of the broker who create the forms. The point of the settlement everything is negoiatable. A form is required to see any properties in MLS. All agents will require it. No exceptions! Do some looking at open houses and feel out different agents for their requirements. A form is not required to attend an open house unless you start to negoiate on the home. Remember Realtors will not and should not have to work for free.