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What's a Buyer Representation Agreement? 

Hussein Kabani
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What's a Buyer Representation Agreement?
I've heard this story multiple times where a client didn't know what they signed and/or didn't have a copy of what the Buyer Representation Agreement they had with another real estate agent. Not only is there ramifications to your new agent, but there could potentially be ramifications to you - the client - as well.
Make sure next time you sign something with a real estate agent that you know exactly what you're getting yourself into - the trick is to ask for the plain language form that explains everything in simple terms. Having trouble getting it? I can help you with that!
In this video, I'm going to explain what a Buyer Representation Agreement is and the importance of getting a plain language form.
#BuyerRepresentation #TorontoRealEstate #HousingMarket
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6 сен 2024

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Комментарии : 6   
@GetKabani
@GetKabani Год назад
Need some advice or just love real estate like I do? Book a free 30 minute call with me: calendly.com/getkabani/real-estate
@Do-not-be-sheep
@Do-not-be-sheep 8 месяцев назад
The Buyers Representation Agreement is very one-sided it protects the Agent only and puts the Buyer at risk. 1. It allows the Agent to represent multiple clients on the purchase of the same house - this is a clear conflict of interest. 2. The only termination clause is a time commitment - this is complete nonsense there needs to be a non-performance clause as well 3. It commits the buyer to guarantee the buyer commission even if you terminated that agent for non-performance 4. When i buy a house from a developer I can modify their standard agreement if agreed between both parties. But agents tell me their not allowed to modify the agreement - this ridiculous As far as ethics go - given the choice between trusting a lawyer, used car saleperson or real state agent then I would pick the used car salesperson. This contract needs to change. Real Estate agents always act in their own best interest - with or without agreements - if you've sold more than one house you'll have figured this out already. But this agreement is insane - all the clauses protect the buyer's agent and not the buyer.
@GetKabani
@GetKabani 8 месяцев назад
It's important for these contracts to be fair and protect both parties. December 1st TRESA changes have made a big update to the relationship between realtor and client. I believe there may be more in the future as well. We have a BIG podcast episode about TRESA coming out soon so make sure you check that out when it drops over the next week or 2.
@fernandamejia-salazar
@fernandamejia-salazar 2 года назад
The title of the video does not match the video. Nice info, though, concise and clear. Perhaps consider changing the title?
@vikkiyates1291
@vikkiyates1291 3 года назад
Isn’t it the agent that has the agreements responsibility to educate the buyer that they are only to look at properties to them? So how do you know if the buyer has not signed with another Agent? You ask them and they say No...
@GetKabani
@GetKabani 3 года назад
It's tough, some agents do take the time to educate their clients and some agents don't
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