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Sponsored by Quicken Loans |
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Mastering the Buyer Representation Agreement |
By Marc D. Gould |
Brokers' opinions may vary on the best way to use buyer representation agreements. It's hard to argue, however, against their crucial role in establishing rights and responsibilities between buyer agents and their clients. The Accredited Buyer's Representative (ABR®) designation course argues strongly in favor of written agreements, pointing out their significance in establishing mutual expectations, preventing misunderstandings and instilling loyalty. In some states, agreements are required. Even where they aren't mandated, some agents believe that language in the REALTOR® Code of Ethics implicitly requires one. Buyer agreements are also an excellent risk ...
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