With the high cost of gas a Buyers Agency Agreement make more sense than ever.
Most REALTORS® I know have had many experiences of spending days driving around potential buyers previewing homes only to have the buyers call another REALTOR® from a yard sign or add in a Real Estate magazine at the hotel.
If you are going to make an investment in these buyers, I think it is just a good business practice to ask a buyer to buy ONLY through you if they are going to purchase a home in your market.
I don’t even advocate (or condemn) the practice of a cash retainer collected from the buyer at the signing of a Buyers Agency agreement, but I do feel however that if you are going to invest your time and expenses you should have some kind of commitment from the buyer in writing.
I feel strongly enough about it that I am contemplating refusing to show buyers any homes that do not sign a Buyers Agency Agreement with me.
Any thoughts on the subject?
~VegasMack