The Benefits of a Buyer’s Broker Agreement

REALTORS® UPDATE

By Kay Wilson-Bolton

President, Ventura County Coastal Assn of REALTORS®

February 13, 2000

A lot of passion goes into the service REALTORS® provide for their clients, particularly when it comes to the race to get a buyer’s offer on the table before a decision is made.

REALTORS® have to be very savvy when it comes to buyer representation.  Our Association  members have set a high standard for preparing buyers to compete in the home purchasing environment.

The competition for homes is very keen.  Overbidding, release clauses and multiple counteroffers require cool heads and strategic thinking.

An outgrowth of this arena is the ‘Buyer’s Broker Agreement” which is becoming a common tool for our industry. This Agreement makes it very clear to all parties as to what is expected and what will be returned.

There is no area of our life that is not well served by good information and a true understanding of each other’s duties and performance standards.

 

 

The REALTOR® members of the Ventura County Coastal Association of REALTORS® has been a leader in supporting industry trends in areas for the sake of consumer awareness.

The buyers Broker Agreement is changing the way REALTORS® conduct their business when it comes to investing time with buyers.  The major effect of this New Buyer-Broker Agreement is that buyers are made aware of the investment of time and knowledge their REALTOR® extends to them.

Buyers benefit greatly from having focused attention from one REALTOR®.  Buyers who share their business with more than one at a time are likely not getting the attention they deserve.

If buying a home is in your future, consider talking to your REALTOR® of choice about working together on a Buyers-Broker Agreement.

 

 

When buying or selling your next home, choose a REALTOR® . There is a difference and you can benefit.  For more information, contact Bob Seitz, CEO, the Ventura County Coastal Assn of REALTORS® at 981.2100. Our website is http://www.vc-realtors.com

 

About Kay Wilson-Boltonhttp://www.kaywilsonbolton.netWith a full-time career in real estate, I can add to your bank of knowledge, not only in real estate but in many areas of life that deal with people and relationships and choices. My real estate career has taught me many lessons about planning ahead and looking forward. I believe in helping along the way so that they can be the best they can be in any situation. I serve as a Fire Department Chaplain and Coordinator for the Many Meals Project which serves homeless and hungry families in my community. The event is far more than many meals. I make pastoral visits to the inmates in the County Jail System and offer them what God says about "all things being new" and His remarkable plan for our lives. I have served my community as Mayor and in many volunteer capacities. I serve others by serving God first. My husband is involved in prison ministry and is a graphic artist. We live a simple life in Santa Paula with an office cat named Scout, three rescued poodles and two cats at home.

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