Navigating the Buyer Broker Agreement: Clearing Up Hesitations for Homebuyers
The Buyer Broker Agreement
Beginning August 17, 2024, Louisiana law and NAR policy require a signed Buyer Broker Agreement before a Real Estate Agent can tour homes with you.
While you’re probably aware that sellers sign Listing Agreements to sell a home, you might not have known that your Agent now needs a signed Buyer Broker Agreement before touring homes with you.
Caught a bit off guard, you might not even know what questions to ask. You hesitate, unsure about what the Buyer Broker Agreement entails.
That’s a completely normal reaction! As someone who values details and prefers time to make decisions, I completely understand your perspective.
Why I Embrace the Conversation About The Agreement
I truly can't be your best advocate without it. It simply spells everything out clearly, and lets us team up with total trust. We'll launch the conversation right away, cover the Agreement with confidence and precision, ensuring you feel informed and empowered, and ready to dive into the buying process.
What We’ll Cover Together In Our First Discovery Meeting:
- Your home-buying goals, timeline, and must-haves
- Pre-approval process and benefit
- Buyer Broker Agreement (roles, negotiable compensation, commitment, and timelines)
- Overview of the home search and offer strategy
- Next steps and how we’ll work together.
- Need More Information? Check out: "Your Key To Confident Homebuying"
How You Should Approach the Buyer Broker Agreement as a Buyer
If your concerns were addressed during our initial meeting and you feel comfortable signing the Buyer Broker Agreement, we’ll execute a copy for each of us and begin scheduling your showings to find that perfect home!
If you’re still not sure about signing the Buyer Broker Agreement and would like a little time, here’s how we can collaborate to ensure it’s clear, comfortable, and supports your informed decision:
- Ask Questions: Share any concerns or myths you’ve heard with me. I’m here to clarify what I can, from negotiable compensation to flexibility.
- Review with Confidence: Take time to read the agreement, and we’ll walk through each part to ensure it aligns with your goals.
- Negotiate Terms: You have a voice in shaping the agreement within the required legal framework.
- Not Ready To Sign? Need a minute? Take it home and review it. Let your legal professional review it.
- Let Me Know When You’re Ready: Once you fully understand the agreement and feel confident, let me know you’re ready to sign, and we’ll move forward together.
With all your questions answered and the Buyer Broker Agreement signed, we’re ready to dive into finding your dream home, exploring properties, and touring together!
I’m excited to guide you through this journey with transparency and support.
Ready to start? Contact me today, and let’s find that perfect home together!
Phena Guidry, Realtor®
Senior Real Estate Specialist®
Mobile: 337-258-8885
Email: phena@phenaguidry.com
Website: www.phenaguidry.com
This article is for informational purposes only and is not legal advice. Consult a licensed professional for guidance on the Buyer Broker Agreement.
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