Coldwell Banker Buyer Agreement: What You Need to Know
When you`re looking to buy a home, it`s important to have a professional real estate agent on your side. One of the biggest names in the industry is Coldwell Banker, and they offer a buyer agreement to protect you throughout the home-buying process. Here`s what you need to know about the Coldwell Banker buyer agreement.
What is a Buyer Agreement?
A buyer agreement is a contract between a buyer and a real estate agent detailing the terms of their working relationship. The agreement outlines what the agent`s responsibilities are, what the buyer`s responsibilities are, and what both parties can expect from each other. It helps to clarify expectations and provide a roadmap for the home-buying process.
Why Do You Need a Buyer Agreement?
A buyer agreement is necessary to protect both the buyer and the agent. It ensures that the agent is clear about what the buyer is looking for in a home, so they can provide the best service possible. It also helps to prevent misunderstandings or disagreements during the process. For the buyer, the agreement ensures that the agent is working in their best interest and provides a level of accountability.
What`s Included in the Coldwell Banker Buyer Agreement?
The Coldwell Banker buyer agreement is a standard agreement used by all Coldwell Banker agents. The agreement covers the following:
1. Exclusive Representation: The agreement establishes that the agent is exclusively representing the buyer in the home-buying process.
2. Scope of Representation: The agreement details the agent`s responsibilities, such as finding properties that meet the buyer`s criteria, negotiating offers, and providing advice throughout the process.
3. Compensation: The agreement outlines how the agent will be compensated for their services. Typically, the agent`s commission is paid by the seller, but the agreement will detail any additional fees the buyer may be responsible for, such as home inspections or appraisals.
4. Termination: The agreement outlines the circumstances that would allow the buyer to terminate the agreement. For example, if the agent is not fulfilling their responsibilities or if the buyer decides to work with a different agent.
Conclusion
The Coldwell Banker buyer agreement is an essential document that protects both the buyer and the agent. It provides clarity and accountability throughout the home-buying process and ensures that all parties are working towards the same goals. If you`re thinking about buying a home, be sure to ask your Coldwell Banker agent about their buyer agreement.