Part of a home buying experience is working with a buyerâ€™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 buyerâ€™s needs first by returning the buyerâ€™s telephone calls or emails promptly, keeping the buyer advised of new properties that meet the buyerâ€™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 agentâ€™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 buyerâ€™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.
Buyerâ€™s Representation Agreement vs. Agency Disclosure Agreement
Signing a buyerâ€™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.