What Is a Buyer’s Agency Agreement–And What’s In It For Me?

Michael Carr Real Estate Leave a Comment

house in the suburbs-smallWe’re often asked why we request that our home buyers sign a Buyer’s Agency Agreement prior to showing them homes. After all, why should you need to sign something just to look at homes, right? Here are four reasons this makes sense:

You need someone on YOUR side. We look after your best interests. The instinct for most people is to call the agent listed on the sign of any property they’re interested in. But what most don’t realize is that the agent listed on the sign is already contractually obligated to the seller. They have the seller’s best interests in mind.

Access to vetted professionals. You will have access to over 20 years of experience we’ve gained in vetting all the professionals you’re going to need throughout the process of purchasing a home (attorney, home inspector, mortgage broker, etc.). Unfortunately, not all of them are created equal. We’ve vetted them for you through our own expertise and experience and we only work with the most capable and competent.

An additional helping hand. Our agents will work FOR you. For instance, if you’re out of town and contracts need to be picked up or you need someone to meet home inspectors, those are services we provide.

It doesn’t cost more–in fact, it can save you a lot. Despite a popular myth (that you will save money without an agent), there is only one commission per transaction. The seller’s agent either gets 100% of that commission or they have to split it with us (your buyer’s agent), the person who has your best interest in mind. Our agents are very knowledgeable about the market, the process and even negotiations. Without this representation, you could end up with incorrect information, contractual issues, delays or potentially pay too much.

To learn more, view Michael’s video and download our Frequently Asked Questions about a Buyer’s Agency Agreement.

About the Author
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Michael Carr

Michael Carr is America’s Top Selling Real Estate Auctioneer. He has been an auctioneer since 1991 and has sold billions of dollars in auto, heavy equipment, land, commercial and residential properties. Since becoming a licensed real estate agent in 1994, Michael has been actively involved in the sale of over 78,000 homes and licensed in as many as 27 states in the continental U.S. as a broker and an auctioneer. Overall, he has conducted over 8,400 auctions throughout the last 28 years. Michael is a former Senior Vice President of Brokerage for Auction.com and personally conducted over 2,000 auctions during his tenure there. He resigned from that post in order to continue to expand his own companies, focusing on a more customer service oriented direction. Michael Carr & Associates, Inc. was founded in 2000 and serves as the umbrella corporation for his auctioneer practice and real estate company. He currently spends part of his week traveling to consult investors or conduct auctions, while balancing the rest of his time at his Jefferson, Georgia headquarters. Michael also co-authored a marketing and personal branding book called ”BrandFace® for Real Estate Professionals (Be the Face of Your Business & a Star in Your Industry), and is currently scheduling a book and speaking tour. See www.BrandFaceRealEstate.com for more information. He is available for interviews and appearances on the subjects of real estate investment, real estate management, real estate marketing and auctions. View the video below to learn how Michael Carr got started, and what keeps him motivated to stay on top and continue his passion for his craft after 28 years as one of America’s premier auctioneers.