{"id":7698,"date":"2024-06-19T12:59:45","date_gmt":"2024-06-19T17:59:45","guid":{"rendered":"https:\/\/tomsgalvestonrealestate.com\/?p=7698"},"modified":"2024-06-19T13:00:24","modified_gmt":"2024-06-19T18:00:24","slug":"buyer-agreements-become-mandatory","status":"publish","type":"post","link":"https:\/\/tomsgalvestonrealestate.com\/buyer-agreements-become-mandatory\/","title":{"rendered":"BUYER AGREEMENTS BECOME MANDATORY"},"content":{"rendered":"\n

Starting 8\/17\/2024 all our  agents  \u201cworking with\u201d a buyer will be required to enter into a written agreement with a buyer prior to touring a home, including both in person and live virtual tours. Written buyer agreements benefit consumers because they clearly and transparently outline the services an MLS Participant will provide and how they will be compensated.<\/p>\n\n\n\n

A Buyer Representation Agreement<\/strong> is a legal document that formalizes your working relationship with a particular buyer\u2019s representative, detailing what services you are entitled to and what your buyer\u2019s rep expects from you in return. While the language used in the document is formal, homebuyers should view it as an important and helpful tool for clarifying expectations, developing mutual loyalty, and most importantly, elevating the services you will receive.<\/p>\n\n\n\n

    \n
  1. Receive a higher level of service.<\/strong> If you\u2019ve formalized an agency relationship with a buyer\u2019s rep, you can expect to be treated like a client instead of a customer. What\u2019s the difference? Clients are entitled to superior services, relative to customers. While the details vary from state to state, and from one buyer\u2019s agent to another in TEXAS and working with Coldwell Banker TGRE , you can expect that being a client means that you\u2019ve formed a fiduciary, or agency, relationship with your buyer\u2019s rep.<\/li>\n\n\n\n
  2. Get more without paying more.<\/strong> Oftentimes the listing broker has already agreed to pay a buyer\u2019s broker’s commission. If they haven\u2019t, you can ask your buyer\u2019s rep to avoid showing you any such homes. Or you can still view the home, knowing that you\u2019ll need to factor your broker\u2019s commission into any offer you may write. <\/li>\n\n\n\n
  3. Avoid misunderstandings.<\/strong> A Buyer\u2019s Representation Agreement clarifies expectations, helping you understand what you should and shouldn\u2019t expect from your buyer\u2019s rep, and what they will expect from you, which usually centers on loyalty<\/li>\n<\/ol>\n\n\n\n

    <\/p>\n\n\n\n

    Contact us<\/a> today to discuss buying or selling your home!<\/p>\n","protected":false},"excerpt":{"rendered":"

    Starting 8\/17\/2024 all our  agents  \u201cworking with\u201d a buyer will be required to enter into a written agreement with a buyer prior to touring a home, including both in person and live virtual tours. Written buyer agreements benefit consumers because they clearly and transparently outline the services an MLS Participant will provide and how they […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/tomsgalvestonrealestate.com\/wp-json\/wp\/v2\/posts\/7698"}],"collection":[{"href":"https:\/\/tomsgalvestonrealestate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomsgalvestonrealestate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomsgalvestonrealestate.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tomsgalvestonrealestate.com\/wp-json\/wp\/v2\/comments?post=7698"}],"version-history":[{"count":2,"href":"https:\/\/tomsgalvestonrealestate.com\/wp-json\/wp\/v2\/posts\/7698\/revisions"}],"predecessor-version":[{"id":7700,"href":"https:\/\/tomsgalvestonrealestate.com\/wp-json\/wp\/v2\/posts\/7698\/revisions\/7700"}],"wp:attachment":[{"href":"https:\/\/tomsgalvestonrealestate.com\/wp-json\/wp\/v2\/media?parent=7698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomsgalvestonrealestate.com\/wp-json\/wp\/v2\/categories?post=7698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomsgalvestonrealestate.com\/wp-json\/wp\/v2\/tags?post=7698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}