Buyer Broker Agreement

The buyer broker agreement is simply a contract that is meant to protect both the buyer and the buyer broker agent. It ensures that both parties know what is expected, and prevents any painful misunderstanding. Thus, there is no reason to be afraid of signing one if you indeed have hired someone from a buyer brokerage agency.

But of course, there is also no denying of the fact that not all agents are the “perfect” partners. It is indeed acceptable for a buyer to question how an agent works before he signs the contract that would make his life’s largest financial decision official. And so, it is acceptable for his part to do things that would protect himself. For instance, he can ask for a short-term agreement. He can use the fact that there is no standard time for an agreement to his advantage. He can simply ask the buyer brokerage agency for a 60-day or 90-day agreement at most.

Asking for a guarantee is also a fair move of protecting oneself from getting locked on a deal with a less than attractive agent. Actually, a good agent WILL give his clients a guarantee. If you ask for a guarantee, you will have an acceptable ground to leave the buyer broker agreement at any time if you are not happy about it. The same goes for the buyer broker.