Spam prevention
Rainmaker
175,464
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

We call it buyer broker agreement here in Arizona.   When I write a contract, get it signed as it is required paperwork.  I believe in establishing trust with the buyers I work with.  When they just meet me, not fair to ask them to committ and sign (some agents do and I understand why).  More importantly, since I know I am not going to enforce the agreement, why get them to sign it write away (my wife is an attorney, we have our doubts how well buyer broker would hold up in court).  To date (8 years) I have only been "burned" a couple of times, those people would have done it anyway.  I dont know how many clients I would have lost at the beginning if I demanded them to commit and sign a buyer broker at the beginning of relationship.  It works well for me, and I can sleep at night knowing I am not pressuring clients.

Jul 08, 2015 12:30 AM
Ambassador
1,581,305
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

 I know many will give me flack for this but I don't.

Jul 08, 2015 12:07 AM
Rainmaker
1,405,174
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Personally I do not use it as if I am not taking care of the client they will go elsewhere and have gained more clients who have had one!

Jul 07, 2015 10:21 PM
Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

We always do

Jul 15, 2016 10:03 PM
Rainer
4,534
Katie Mantelli
Keller Williams - Panama City Beach, FL
Buyer Specialist with Team Jadofsky-KW

Thanks for all of your feedback!  I think I would like to work this into my buyer consultation/first meeting from what I am hearing.  It seems like its worth it. 

Jul 10, 2015 01:44 AM
Rainmaker
699,127
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

We do not.  Just don't.

Jul 08, 2015 01:06 AM
Rainmaker
315,887
Robert Smith
Preview Properties, PC - http://www.RealEstateMich.com - Brighton, MI
SRES, Search for Homes Brighton-Howell-SE Michigan

I will show one home without a Buyer Agency Agreement, but that is it.  I explain how real estate procuring cause works and how we get paid. If they cannot commit to me, that is fine, but if they want to work with me they will have to sign it or I won't be showing them homes again. 

Jul 08, 2015 12:56 AM
Rainer
66,912
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

I get a buyer brokerage agreement signed at the buyer consult.  Why because it is required.  Yes it does work!

Jul 08, 2015 12:31 AM
Rainmaker
1,459,927
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Katie Mantelli Buyer Broker Agreements are mandatory in my State. They work when the buyer is educated properly.

Jul 07, 2015 10:50 PM
Rainmaker
889,337
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

No, I do not.

What I get is the buyer or seller to participate in one of the benefit programs I provide. If they are willing to leave money on the table, one should have reason to suspect their intention.

Jul 07, 2015 10:34 PM
Rainer
4,015
Corey Recai
Manhattan, NY
Real Estate Agent -- Sales Guru

When first meeting a buyer as we should all do, I have them sign an agency disclosure form and a registration card. The registration card in addition to having some cursory information about the client and a list of the properties seen it also states that my firm is entitled to represent the buyer and collect a fee in the event that they purchase any of the  properties seen with us.

This doesnt commit the buyer to only working with you, but it does protect you in the event that your buyer decides to work with multiple agents to view properties.

Jul 07, 2015 10:29 PM
Rainer
325,515
Bernadine Hunter, SFR, ACRE
Keller Williams Greater Columbus Realty - Pickerington, OH
"Finding Solution to Your Real Estate Needs"

I always tell the potential client that I generally work with a Buyer's Agreement, as its the only way I can ensure I get paid. I do not; however, insist that they sign one at our first meeting. I'm willing to talk with them, help get them pre-qualified and show a couple of homes. After that we've built up a rapport and they're always willing to sign the agreement.

Jul 07, 2015 10:24 PM