Under this agreement, the agent is legally obligated to act in the buyer’s best interest. This "fiduciary" duty includes:
Some high-end or specialized agencies may charge an upfront fee for their services. 🤝 Establish Exclusive Representation
To help you understand if this is the right move for you, let me know: Are you currently ? Are you looking in a highly competitive market ? Is there a specific house you’ve already found?
If a buyer finds a "For Sale By Owner" (FSBO) or visits an open house, they must notify their agent to handle the negotiations.
The contract may only apply to a specific city or county.
The agent must reveal any known material facts about a property.