Posts Tagged ‘ agency disclosure agreement ’

Terminating Your Buyer’s Agent Relationship

Part of a home buying experience is working with a buyer’s agent. Choosing an experienced and knowledgeable agent who specializes in the neighborhoods you are interested in buying is important. A good agent is considered someone who puts their buyer’s needs first by returning the buyer’s telephone calls or emails promptly, keeping the buyer advised of new properties that meet the buyer’s needs and criteria and negotiates the best terms and price for the buyer when the buyer decides to make an offer and purchase a property.

When an agent fails to deliver good service and the results the buyer is hoping for, or there is a personality conflict between the buyer and the agent, the buyer may become unhappy with their agent’s services and may wish to terminate the relationship. The buyer is free to terminate the relationship at any time, providing the buyer has not signed a formal written buyer’s representation agreement. However, there is a sense of moral obligation that may cause the buyer to decide to extend a courtesy to the agent by either emailing, calling or writing the agent and letting them know that they wish to terminate the relationship and the reasons why.

Buyer’s Representation Agreement vs. Agency Disclosure Agreement

Signing a buyer’s representation agreement should not be confused with a signing an agency disclosure form. An agency disclosure form is simply a disclosure and acknowledgment between the buyer and the agent regarding the agency relationship owed to the buyer and should not in any way be considered a formal contract of employment between the buyer and the agent.

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Posted by: Guest Contributor on July 20th, 2012 under Guest Bloggers

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