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#6893 - 06/12/06 01:12 PM Buyers agreement question?
amflores Offline
Member

Registered: 09/05/04
Posts: 114
Loc: Los Angeles
Just wondering if you guys could tell me at what point do you have your buyers sign an EBA?
_________________________
Best Regards,

Amflores

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#6894 - 06/12/06 04:10 PM Re: Buyers agreement question?
Dee in Austin Offline
Major Contributor

Registered: 12/03/04
Posts: 2198
Loc: Austin, TX
1. If the person is a relocation referral, they need to sign and return before they get on the plane.

2. If it's a local person who was not a referral or who does not seem seriously motivated, I usually have them sign before we go see properties.

3. If they are interested at all in new homes, they sign asap in case they go looking without me. I tell them not to go without me, but sometimes they "drop by" a builder open house.

4. If it was a referral and I trust them, we will sign before we submit an offer.
_________________________
Dee Copeland, ABR, ASR, CRS, e-PRO, GRI, SRES
Broker-Associate, Keller Williams Realty
http://www.CopelandGroupRealty.com
http://www.TexasRealtyBlog.com

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#6895 - 06/13/06 08:01 AM Re: Buyers agreement question?
RebelBroker Offline
California Real Estate Broker
Veteran Member

Registered: 06/15/03
Posts: 1225
Loc: Morgan Hill, CA, USA
Dees advice is good.

I usually just make it my general rule to make sure I have a signed document before showing them anything.

R
_________________________
Robert "The Rebel Broker" Whitelaw - Broker,Realtor,ePro
Silicon Valley,CA

Roberts Website
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#6896 - 06/13/06 06:33 PM Re: Buyers agreement question?
Duncan Pollock Offline
Member

Registered: 06/28/04
Posts: 148
Loc: Ontario, Canada
Well, I now work solely for buyers and NEVER ask them to sign one.
If I'm not able to earn their loyalty because of how I explain -- and demonstrate -- the ways in which I'm committed to looking after their best interests, I don't deserve it!
Too often, the EBA is used by agents as an excuse to earn a commission for doing as little as possible. Listing agents can get away with this, because there are hundreds of colleagues who can come up with the buyer. But as a Buyer Agent, I'm on my own. There isn't a single additional person going to look for "the one right house" for the client, is there?

Duncan
_________________________
Acts as an Exclusive Buyer Broker for residential and non-residential properties in Canada's Niagara Peninsula.

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