The Real Estate Play by Play

Signing Contracts

Kristie Martinelli & Danielle Olbrantz

Signing any kind of a contract is a big deal, and there are big changes coming that you need to know about! The "Buyer Broker Agreement" will soon be mandatory when working with a real estate agent. But don't panic - we are breaking down this agreement and what it means for you as a buyer in today's real estate market. Whether you're a first-time homebuyer or a seasoned investor, understanding these agreements is crucial to your success. 

We cover:

  • The basics - how the buyer broker agreement outlines the agent/brokerage's responsibilities and the terms of their compensation
  • How having agent representation can provide many benefits to buyers, including access to off-market listings, professional negotiation on your behalf, and the agent's knowledge of the market and local area
  • If you're unsatisfied with your agent, you may be able to cancel the agreement, and why it is important to understand the terms of your contract and any potential fees involved in terminating early
  • Why commissions remain negotiable between buyers and sellers 

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