Posted by Barlow on 8/9/2006, 1:41 pm, in reply to "exculsive buyers contract -please help" I'm not sure why you should have a problem with this, because if you do end up buying a house that is listed with a Realtor already, then the listing company pays the buyer's rep out of their fee they get from the seller. Bottom line, you get better service from a buyer's rep contract than with just going with anyone that happens to be on the floor when you call to speak to an agent. Ask the agent that wants you to sign the contract many question. Like is he a member in good standing with ABR, has he taken the tests? How much experience, how many buyers has he worked with in the past 6 months and so on. You will get incredible advice from an ABR because then they can negotiate the best deal, tell you if a property is over priced and look for things that are not for sale but will match your needs. I say sign the contract.
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What you are describing is typically call a Buyer's Agency Contract. Accredited Buyer's Representatives use these forms. What this contract does is it allows your buyer's agent to work for you to find any and all properties, not just what is on the multiple listing. He or she can solicite FSBO and any thing else that you are interested in. Even a house that is not for sale, the buyers agent can get info on that house for you and call the homeowner to see if they want to sell it to you. When doing this, the homeowner may not want to pay the service fee, so that is why the agent has asked you to sign the contract. You as the buyer will get better service from a Buyer's Contract than with nothing at all.
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