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Why Do Some Agents Ask for Exclusivity?

 
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Nội dung được cung cấp bởi Ruby Miranda. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Ruby Miranda hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

Why do some agents demand a buyer’s exclusivity? Well, most agents don’t want to put in their time and effort without being certain of a buyer’s loyalty.


Selling in the greater Houston area? Get a market analysis report
Purchasing in the greater Houston area? Get full MLS access

When are you committed to a real estate agent, why do agents demand exclusivity?

Well, unlike most professionals who receive a steady paycheck, agents usually work on a commission.

Buyer agents who are showing you properties and negotiating on your behalf are basically working for free. So in order for them to devote this kind of time and energy, they’ll want to know you aren’t going to switch to another agent once you get closer to closing.


In order for an agent to devote their time and energy to you, they’ll want to know you aren’t going to switch to another agent once you get closer to closing.


Some agents will ask you to sign a buyer’s rep agreement. This contract binds you and the agent to each other in a mutual working relationship for a given period of time.

Once you sign this agreement, you are legally obligated to work with that specific agent. For this reason, it’s always important to read the contract carefully.

If you sign the agreement and are happy with the agent, you should stick with the contract. However, you can ask the agent to cancel the contract if you are unhappy and don’t want to continue.

Generally speaking, agents won’t want to continue working with a disgruntled client anyway. If you haven’t signed a buyer’s agent agreement, you aren’t legally tied to an agent and can move on whenever you please.

But even if you aren’t technically exclusive with a single agent, people will tend to assume you are working together if you carry out a number of consecutive tasks with that same agent. Voice your expectations from the start to avoid any awkward misunderstandings.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
  continue reading

19 tập

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iconChia sẻ
 

Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on September 27, 2023 05:15 (1+ y ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Manage episode 190408709 series 1385870
Nội dung được cung cấp bởi Ruby Miranda. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Ruby Miranda hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

Why do some agents demand a buyer’s exclusivity? Well, most agents don’t want to put in their time and effort without being certain of a buyer’s loyalty.


Selling in the greater Houston area? Get a market analysis report
Purchasing in the greater Houston area? Get full MLS access

When are you committed to a real estate agent, why do agents demand exclusivity?

Well, unlike most professionals who receive a steady paycheck, agents usually work on a commission.

Buyer agents who are showing you properties and negotiating on your behalf are basically working for free. So in order for them to devote this kind of time and energy, they’ll want to know you aren’t going to switch to another agent once you get closer to closing.


In order for an agent to devote their time and energy to you, they’ll want to know you aren’t going to switch to another agent once you get closer to closing.


Some agents will ask you to sign a buyer’s rep agreement. This contract binds you and the agent to each other in a mutual working relationship for a given period of time.

Once you sign this agreement, you are legally obligated to work with that specific agent. For this reason, it’s always important to read the contract carefully.

If you sign the agreement and are happy with the agent, you should stick with the contract. However, you can ask the agent to cancel the contract if you are unhappy and don’t want to continue.

Generally speaking, agents won’t want to continue working with a disgruntled client anyway. If you haven’t signed a buyer’s agent agreement, you aren’t legally tied to an agent and can move on whenever you please.

But even if you aren’t technically exclusive with a single agent, people will tend to assume you are working together if you carry out a number of consecutive tasks with that same agent. Voice your expectations from the start to avoid any awkward misunderstandings.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
  continue reading

19 tập

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