Should I Work With Only One Real Estate Agent?
To work with only one real estate agent? Or work with more than one REALTOR® simultaneously? LOYALTY, COMMITMENT AND BUYER AGENCYOnce you begin working with a good real estate agent, at some point, they're going to ask for a ... Commitment... from you to work with them as your exclusive REALTOR®. In exchange for this promise, as per the terms of the buyer agency agreement, they'll also make a commitment to you. With your forsaking all other agents, they'll accept full fiduciary obligation to ... Protect Your Interests... to the best of their ability. Besides, your exclusive REALTOR® will really get to know you, including all your wants, needs and peccadilloes. When your one real estate agent is going about their daily business, and they come across a new listing that they feel would suit your needs, they'll think of you immediately. A good buyers agent will contact you right away to tell you about it without the fear that another agent may have already done so. Unlike earlier days when most agents worked for the sellers, either directly or as sub-agents, most buyers now have personal representation. For all intents and purposes, though, this is the way it's always been, but now the law actually reflects reality. It's also in your best interests to make a commitment to one real estate agent (provided you've chosen your agent well) because your exclusive REALTOR® will be more inclined to ... Work Harder For YouIt may sound ruthless or crass, but let's be frank. REALTORS® need to earn a living too. And knowing that by working hard for you, they're assured that there'll be a payday for them down the road. It feels great for the agent to know they have a serious and loyal client, and won't feel inclined to pressure you into a purchase before you stray to another agent. If you decide to work with more than one real estate agent at the same time, the ethical thing to do is to advise each of them of your decision. Then, they can decide whether they want to work with you under those circumstances. I suggest many will not wish to invest their time with you. And if they do, be prepared for sales tactics. They'll try to close you at every opportunity. Often, you'll develop a wonderful, long-term relationship with your exclusive REALTOR®. It's nice to have a ... Friend in the Business... not only to answer your occasional real estate questions, but to be able to make a recommendation to friends and family. And most people move a few times in their lifetime. Why not return to the same agent every time? It's a good feeling to know you have a trusted REALTOR® working on your behalf. If you've chosen your one real estate agent wisely, the home buying experience will be great. So, make the commitment. You'll Be Glad You DidTo learn more about buyer agency, and the advantages of working with
one real estate agent, click here.
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