The Buyer Representation Agreement
It is important for the buyer to discuss the buyer's representative's compensation in the initial interview. In many cases it is recommended that the buyer and the buyer's representative agree to the terms of compensation prior to viewing properties, and sign a written agreement based on those terms. The agreement should spell out the responsibilities of both parties throughout the real estate process.
In some states, legislation has been enacted to when a Buyer's agreement is not signed by the parties, the Broker only serves as a Transaction Broker or a Facilitator of the real estate transaction. In some states a Broker cannot represent the Buyer without a written agreement. Consult your Metro Broker Littleton Town Centre Broker for complete details when you begin the purchase process.