What is In a Buyer Agency Agreement?

Many people believe that when they work with a Buyer Agent that the Agent gets paid for showing them houses. That is not at all the case.

We can show you one house or we can show you dozens of houses. We can work with you one day before writing an offer for you to purchase a home, or we can work with you for months. We try to look at houses with our Clients and get a feel for exactly what they are looking for, and then we will do extensive MLS investigating, computer searches, and phone calls to agents to try to “narrow the field” so that you are not wasting a lot of time looking at homes that don’t fit your needs.

Once you find a home you like, that is when our work really begins: presenting offers, negotiating, keeping track of deadlines, inspections, appraisals, loan approval, Title commitments . . . just to name a few.

For us to fully negotiate (advocate) on your behalf, we must represent you as a Buyer Agent.  To do so, we must sign a Buyer Agency Agreement.  Some of the points addressed in that Agreement are:

• The type of property you are looking for
• The length of time the Agreement will be in effect
• The duties and responsibilities that we are bound to perform
• The information we will NOT share with others without your informed consent
• Our legal relationship with you as a Client
• How the Agent will be paid in the transaction (almost always FREE to Buyer)
• Buyers’ acknowledgement that they are not a Client of another Realtor
• That we will not unlawfully discriminate against any prospective Seller
• That you may pursue legal or tax counsel
• That the Contract is governed by the laws of the State of Colorado
• If it is a concern, that you have a right to contact local law enforcement officials regarding information about possible registered sex offenders in the area
• Any additional provisions that might be unique to our relationship

This Agreement is an instrument
that protects your interests.
Do not be afraid of it.