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Buying or Selling a Home/Can I use another agent?
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Question
I have been searching for a house for about a month now and I signed an Exclusive Buyer Agency Agreement with an agent. She wrote on the agreement that it was for 2 specific houses only but she also included a 6 month date range. Am I bound to her for the entire 6 months or can I move on to another agent?
Hi Michelle;
You are bound to use that agent for the two specific homes only (and that is for the full 6 months.) You can go ahead and sign agency with another agent for all other homes you want to see. There is usually an extension clause in the agreement that says if you buy any property that the agent showed you after the agreement expires and up to 60 days after the expiration of the agreement you still must pay a commission to the Buyer's agent who first showed the property to you. If you decide to buy one of the two homes the first agent showed you then she is your buyer's agent during the 6-month period. Let's say, however, that after 6 months (and the specified amount of days in the contract after expiration) those homes are still on the market and you decide to buy one, you are free to use another agent.
Good luck,
Jessica Bryan
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Answers by Expert:
- Dick Dennis
- Jessica Bryan
- liznarr
- Hans Weber, Licensed Broker Associate
- Sue Bernstein
- Karyn Foley
- Dottie Worthington
- Jim Root
- Russel Ray
- Connie Wildasinn-Broker,GRI,RealtorŪ
- Todd C. Menard
- Diann Tonnesen
- John Hendricks
- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Jessica Bryan
Expertise
buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.
Experience
Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.
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