Attention Buyers: The Benefits of Signing a Representation Agreement

By Kacey Sides, Buyer Specialist

So an agent wants you to sign a Representation Agreement. This binding agreement may not be something that you want to sign if you don't know all of the benefits, facts about representation, and you are not yet comfortable with the agent that is asking you to sign it.

"How having a Representation Agreement" benefits you - 5 great reasons:

1. Your have the loyalty (and the legal requirement) of your Realtor to put your best interests first.

2. Your Realtor has systems in place to make sure you and he/she are up to date on a regular basis with all of the homes that come on the market with your criteria, so when your perfect home comes along, you are one of the first to know about it!

3. It educates you on the home buying process, and gives you all of the information available for you to make an educated decision on what home is right for you.

4. As your advocate your Realtor negotiates on your behalf to get you the best price and terms.

5. To lead to a successful closing your Realtor will explain all the forms and contracts and then guide you through the steps required.

Having a good Buyer's Consultation with a prospective agent can make these agreements less scary to sign. Knowing the benefits an agent can provide you in your home search, and understanding the importance of representation, allows you to sign these agreements with confidence.