What is the Buyer Representation Agreement?

As most of you know, when you choose to sell your home and work with a real estate professional you are asked to sign a Listing Agreement.

What most home buyers don’t know though, is that there’s an agreement made just for them too. A lot of people get freaked out by contracts, and rightfully so. Think back to your last phone company and why you left them. The Buyer Representation Agreement isn’t like one of those contracts. It works in your favour and guarantees that you receive the very best in real estate service.

What is the Buyer Representation Agreement?

When you sign the Buyer Representation Agreement you are guaranteed that the professional you choose will work on your behalf. The contract is set for a designated period of time of your choice. While technically the agreement is between you and the brokerage, not you and the real estate professional, it’s purpose is to confirm the agent’s commitment to you. Should you have any problems with your agent, the brokerage is both responsible and accountable. The agreement also ensures that any information you provide will be kept completely confidential. And finally, it clearly outlines the agent’s responsibilities, so you know exactly what to expect of them.

Can I cancel the Buyer Representation Agreement?

If, for whatever reason, you are unhappy with the service that you receive, you do have the right to dissolve the contract. All you have to do is request a Cancellation of Buyer Representation Agreement form.

Got questions about the Buyer Representation Agreement? Contact me here, I’d be glad to help.