Exclusive right to rep
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Exclusive right to rep (by MMIT [VA]) May 13, 2018 9:59 AM
       Exclusive right to rep (by Moshe [CA]) May 13, 2018 10:04 AM
       Exclusive right to rep (by Frank [NJ]) May 13, 2018 11:03 AM
       Exclusive right to rep (by Sparky [PA]) May 13, 2018 12:24 PM
       Exclusive right to rep (by Barb [MO]) May 13, 2018 12:28 PM
       Exclusive right to rep (by Ken [NY]) May 13, 2018 12:41 PM
       Exclusive right to rep (by Ken [NY]) May 13, 2018 12:41 PM
       Exclusive right to rep (by cjo'h [CT]) May 13, 2018 1:01 PM
       Exclusive right to rep (by Ed [PA]) May 13, 2018 1:35 PM
       Exclusive right to rep (by fred [CA]) May 13, 2018 4:08 PM
       Exclusive right to rep (by MMIT [VA]) May 14, 2018 4:05 AM
       Exclusive right to rep (by NE [PA]) May 14, 2018 4:18 AM
       Exclusive right to rep (by John... [MI]) May 14, 2018 5:15 AM
       Exclusive right to rep (by NC INVESTOR [NC]) May 15, 2018 5:49 PM

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Exclusive right to rep (by MMIT [VA]) Posted on: May 13, 2018 9:59 AM
Message:

I got an email from my RE agent asking me to sign an “exclusive right to represent the buyer” form. This looks like a standard realtor form.

I have bought about 10 class c properties and 1 class a property from him over the past few years. I also buy properties from auctions, wholesalers, other LL, etc.

If I buy a house from the mls system, I have used this agent.

What is this form? Is this standard practice?

Thanks

--174.226.xxx.xx




Exclusive right to rep (by Moshe [CA]) Posted on: May 13, 2018 10:04 AM
Message:

If you use this agent, then you may owe him a fee.

If you buy WITHOUT this agent, then you may STILL owe him a fee.

--47.139.xx.xxx




Exclusive right to rep (by Frank [NJ]) Posted on: May 13, 2018 11:03 AM
Message:

I believe that it will bind you to him. The devil is in the details.

If it were me I would not want a tether, but I would strongly consider using him [if I was pleased with the value that he brings] on a regular basis.

So....my answer is "it depends" --74.105.xxx.xxx




Exclusive right to rep (by Sparky [PA]) Posted on: May 13, 2018 12:24 PM
Message:

If you buy properties from auctions, wholesalers, other LL, foreclosure sale, FSBOs, etc. you will owe this RE agent a commission. I would not commit to promising him a commission from non-MLS properties. --100.6.xx.xxx




Exclusive right to rep (by Barb [MO]) Posted on: May 13, 2018 12:28 PM
Message:

Dear real estate agent,

At this time, I am unwilling to limit myself to exclusive representation across all purchases. I prefer to work on a property by property basis. I will happily sign a buyers agency agreement for any property where you represent my company.

Regards,

Me

--64.251.xxx.xxx




Exclusive right to rep (by Ken [NY]) Posted on: May 13, 2018 12:41 PM
Message:

If an agent asked me to sign that agreement I would probably stop using that agent altogether,he isn't trying to help you,he is trying to help himself to a commission on every deal you buy from a fsbo,auction.com etc that he had nothing to do with. --72.231.xxx.xxx




Exclusive right to rep (by Ken [NY]) Posted on: May 13, 2018 12:41 PM
Message:

If an agent asked me to sign that agreement I would probably stop using that agent altogether,he isn't trying to help you,he is trying to help himself to a commission on every deal you buy from a fsbo,auction.com etc that he had nothing to do with. --72.231.xxx.xxx




Exclusive right to rep (by cjo'h [CT]) Posted on: May 13, 2018 1:01 PM
Message:

Mmit, I think Ken has hit the nail,right smack on the top of the head. Cut your laces,and let him or her drift off into the Sunset.......... Charlie.................................... --174.199.x.xx




Exclusive right to rep (by Ed [PA]) Posted on: May 13, 2018 1:35 PM
Message:

Signing that form provides no benefit to you,toss it in the round file. Sometimes brokers push their realtors to get those forms signed, I wouldn't even respond to it unless the realtor followed up on it. --72.95.xxx.xx




Exclusive right to rep (by fred [CA]) Posted on: May 13, 2018 4:08 PM
Message:

MMIT,

Is it "Exclusive right" or "Exclusive listing" ? --99.59.x.xxx




Exclusive right to rep (by MMIT [VA]) Posted on: May 14, 2018 4:05 AM
Message:

Fred,

This form is “exclusive right”.

Thanks --70.188.xx.xx




Exclusive right to rep (by NE [PA]) Posted on: May 14, 2018 4:18 AM
Message:

When I buy on the mls and an agent asks me to do this, I sign it specifically for the house in question ONLY.

I'm not paying a realtor a commission on a another house I buy like a FSBO. --50.107.xxx.xx




Exclusive right to rep (by John... [MI]) Posted on: May 14, 2018 5:15 AM
Message:

Indeed. I do a "Buyer's Agent" agreement so that the Realtor works for me, not the seller. But it is also specifically only for houses that I ask HIM about or that he brings directly to me. It is clear that anything outside of that does not fall under the agreement.

So, I'm not opposed to such agreements -- in fact, I encourage them -- but make sure it is worded properly for anything that you do WITHOUT his assistance or input.

- John...

--24.180.xxx.xxx




Exclusive right to rep (by NC INVESTOR [NC]) Posted on: May 15, 2018 5:49 PM
Message:

As a Realtor I wouldn't sign that agreement. You do need an amendment specifying the conditions for which they will be compensated. And, yes their BIC requires them to use a standard form but based on your relationship you are not a standard client and the agreement should reflect that.

To John's point most people do not realize that without a signed buyer's agent agreement the BA is a sub-agent of the seller.

As for buyer's agent agreements in general BA's are fools if they show a buyer a property without one.

NE: A Realtor will only show a FSBO property if they have an agreement with the FSBO that they pay their negotiated commission. --71.75.xx.xx



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