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Old 02-05-2008, 09:49 AM
 
Location: Cary, NC
2,135 posts, read 7,642,367 times
Reputation: 1610

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Quote:
Originally Posted by FL teacher View Post
Would it be inappropriate to ask, "If we are unhappy with your services, would you be willing to cancel the contract?"
No, it is not. I know a few agents that don't want to work with people that don't want to work with them. Interesting concept... isn't it?
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Old 02-05-2008, 10:33 AM
 
Location: Raleigh, NC
145 posts, read 662,718 times
Reputation: 138
Quote:
Originally Posted by donna78 View Post
I did not sign an exclusive buyer's agreement.
My husband is a Realtor and he doesn't push that document on anyone, he only has them sign it when they are making an offer, yes, he may waste some time occasionally by showing people houses that aren't seriously ready to buy or may have already been working with another Realtor but he is not pushy and honestly once they meet him 9 times out of 10 they buy a house using him so it works.....

Cindy
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Old 02-05-2008, 04:11 PM
 
Location: Cary, NC
2,407 posts, read 10,662,484 times
Reputation: 1380
Quote:
Originally Posted by donna78 View Post
I did not sign an exclusive buyer's agreement.
If you did not sign an exclusive buyer's agreement, what type of agency relationship do you have with the agent? Does the agent have any fiduciary responsibility to look out for your interests?

Because, without other signed contract or agreement, technically, real estate agents represent the sellers.
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Old 02-05-2008, 04:46 PM
Status: "Made the Retirement Run in under 12 parsecs!!!" (set 13 days ago)
 
Location: Cary, NC
43,151 posts, read 76,719,434 times
Reputation: 45488
Quote:
Originally Posted by MAtoNC! View Post
No, it is not. I know a few agents that don't want to work with people that don't want to work with them. Interesting concept... isn't it?
Quote:
Originally Posted by jinxor View Post
If you did not sign an exclusive buyer's agreement, what type of agency relationship do you have with the agent? Does the agent have any fiduciary responsibility to look out for your interests?

Because, without other signed contract or agreement, technically, real estate agents represent the sellers.

You two: Go to the head of the class!
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Old 02-06-2008, 10:20 AM
 
38 posts, read 132,014 times
Reputation: 30
What do you all think about an internet based realtor? Anyone heard of Ziprealty.com?

FL Teacher: I am also teacher in Florida looking for a home around 150K. My husband is relocating with his job so we don't really have an employment issue, but we do have a son that will be going to school soon. I have been looking at greatschools.net as well to see how the school in our areas rate. Of course, our son can always go to the school that i work at, but I want that to be our second option.
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Old 02-06-2008, 11:41 AM
 
9,848 posts, read 30,222,306 times
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Quote:
Originally Posted by NYtoFLtoNC View Post
What do you all think about an internet based realtor? Anyone heard of Ziprealty.com?

Too many good local agents for me to waste time with somebody based on the internet. I want somebody I can meet face to face and interview them.

Find yourself a respected knowledgeable local realtor who will take the time to explain "Agency" to you. If you don't understand something ask lots of questions until you do. A good agent would never ask you to sign something you don't yet understand. Understanding their obligations to you and your obligations to them is the first step to a good working relationship.
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Old 02-07-2008, 07:34 PM
 
38 posts, read 132,014 times
Reputation: 30
Quote:
Originally Posted by North_Raleigh_Guy View Post
Too many good local agents for me to waste time with somebody based on the internet. I want somebody I can meet face to face and interview them.

Find yourself a respected knowledgeable local realtor who will take the time to explain "Agency" to you. If you don't understand something ask lots of questions until you do. A good agent would never ask you to sign something you don't yet understand. Understanding their obligations to you and your obligations to them is the first step to a good working relationship.
Okay...so does anyone know or is a respected realtor who is willing to make our first time home purchase a positive experience? Since we're in FL i'll start with other peoples' referrals and go from there.
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Old 02-07-2008, 07:37 PM
Status: "Made the Retirement Run in under 12 parsecs!!!" (set 13 days ago)
 
Location: Cary, NC
43,151 posts, read 76,719,434 times
Reputation: 45488
Quote:
Originally Posted by NYtoFLtoNC View Post
Okay...so does anyone know or is a respected realtor who is willing to make our first time home purchase a positive experience? Since we're in FL i'll start with other peoples' referrals and go from there.
I bet you don't get many volunteers to contract to make it a negative experience...


Uh-h-h, BTW, My Mom loved me...
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Old 02-08-2008, 08:18 AM
 
Location: Raleigh, NC
266 posts, read 1,050,593 times
Reputation: 202
Default Sorry, guys, but you are not exactly correct...

that a written buyer's agreement is necessary for fiduciary responsibility to a potential buyer. (See Working With (http://www.ncrec.state.nc.us/publications-bulletins/WorkingWith.html - broken link))
While I would personally recommend a written agreement so that there are no misunderstandings, "Buyers' Agency" is the only agreement in North Carolina real estate that does not have to be in writing, at least until an offer is written up.
It IS required that agents give a written form of the "Working with Real Estate Agents" (material at the link), explain it and have it signed. There is a place on it for the client to check that they do NOT want to be represented by a buyer's agent and will be shown property with the agent remaining as a sub agent of the seller. It is NOT a contract, it only serves to prove that an agent has explained agency relationships to someone with whom they have "substantial contact".
Also, the buyer's agency, even if written, can be terminated if the relationship is not working for either party. There is yet another form for that available. If you are balky at signing a contract, but want to be sure you are protected, just make it to cover a short time period. As with any document, read it through before signing. Each company has it's own form. There must be certain provisions in all of them to "hold up in court", but they can vary somewhat.
One very important concept that people fail to understand is that buying a home directly through a builder or listing agent rarely decreases the price of a home. When I first started buying investment property, I thought that myself. I now know that in practice that is not how it works. It would take another long winded message to explain this, but PM me if you want to know why.
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Old 02-08-2008, 08:47 AM
 
Location: Holly Springs
281 posts, read 1,105,976 times
Reputation: 193
Quote:
Originally Posted by House Lady View Post
that a written buyer's agreement is necessary for fiduciary responsibility to a potential buyer. (See Working With (http://www.ncrec.state.nc.us/publications-bulletins/WorkingWith.html - broken link))
While I would personally recommend a written agreement so that there are no misunderstandings, "Buyers' Agency" is the only agreement in North Carolina real estate that does not have to be in writing, at least until an offer is written up.
It IS required that agents give a written form of the "Working with Real Estate Agents" (material at the link), explain it and have it signed. There is a place on it for the client to check that they do NOT want to be represented by a buyer's agent and will be shown property with the agent remaining as a sub agent of the seller. It is NOT a contract, it only serves to prove that an agent has explained agency relationships to someone with whom they have "substantial contact".
Also, the buyer's agency, even if written, can be terminated if the relationship is not working for either party. There is yet another form for that available. If you are balky at signing a contract, but want to be sure you are protected, just make it to cover a short time period. As with any document, read it through before signing. Each company has it's own form. There must be certain provisions in all of them to "hold up in court", but they can vary somewhat.
One very important concept that people fail to understand is that buying a home directly through a builder or listing agent rarely decreases the price of a home. When I first started buying investment property, I thought that myself. I now know that in practice that is not how it works. It would take another long winded message to explain this, but PM me if you want to know why.
to add to this.....when you sign the brochure, as a buyer you are being represented in a (keyword) non-exclusive relationship...in other words, you are not bound.
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