Special offer
Praful Thakkar, Metro Boston Homes For Sale (LAER Realty Partners)

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Rainmaker
5,112,471
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

As often as not, when we are ready to write up an offer to make my representation "legal." I don't especially believe in these. At the end of the day, if someone really wants out of the agreement with you, they will get out. And what are you going to do? Hold them hostage? I certainly would not. Why would I want to push someone who doesn't want to work with me to do so? In 20 years, I've yet to lose a buyer because I don't push them to sign. But I have gained buyers because they liked the fact that unlike other agents I didn't immediately push them into a contractual obligation with me.

Jul 21, 2018 04:00 AM
Ambassador
5,254,035
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

It is our duty to educate them on buyers agency & I do that at our first meeting. I give them a copy of the required documents and tell them they can sign now, when we submit their Offer or whenever they are ready. 

Most of my clients are referrals or repeat clients so, many of them go ahead and sign right then. The rest sign when we put the Offer together, along with all of the Offer paperwork. 

Jul 21, 2018 05:46 AM
Rainmaker
4,582,184
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

In depends. 

Jul 21, 2018 04:30 AM
Ambassador
6,417,445
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

BEFORE the first showing is scheduled, we sit down in the office and get the paperwork done, Buyers Agency, Financing, and Preview on the big screen in my office.

Jul 21, 2018 06:34 PM
Rainmaker
2,221,377
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

As soon as we meet.

Jul 21, 2018 05:24 PM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I will try to get them sign before the first showing/meeting, even an agreement for a week.  However, I found that most people are uncomfortable signing anything during the first showing/meeting.  The bottom line is you cannot make someone do something if they don't want to.  Of course by doing this, I have been burnt.  Someone who suddenly found out that they had a relative who was an agent in the area after it was time to write a contract, someone who told me they would not write an offer with me unless I gave part of my commission to them because they found another agent who would do that etc.  I was the person doing all the work and they found another agent who would just wrote the offer and gave part of the commission to them. I understand that not all people are like that, some people have a strong business ethic and some don't.  The bottom line is whatever goes around comes around or karma, I just shrugged it off and moved on.

Jul 21, 2018 02:21 PM
Rainer
131,157
Steve Penner
Royal LePage Dynamic RE / Pro Ledger Bookkeeping Software - Winnipeg, MB
REALTOR® / Pro Ledger Online (owner)

I do not have a buyer "contract" ... I have a buyer "agreement of understanding "... which is much softer, not binding them to me for a period of time, but the idea is to make the relationship "sticky".  

I use this agreement as soon as they indicate they are willing to work with me exclusively. It covers basic duties and protocol on dealing with private sales, not calling other agents, etc...  

This has worked great for me... and easy to deal with.   I have never lost a buyer yet to another agent once it has been signed.  

 

Jul 21, 2018 11:07 AM
Ambassador
3,349,404
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I have never used one.  I build trust in relationships ... trust goes in both directions.  

Jul 21, 2018 09:16 AM
Rainmaker
5,772,581
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Praful,

I agree with Nina Hollander on this one.  A

Jul 21, 2018 07:24 AM
Rainmaker
577,750
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

After the first meeting.. I find that buyers are turned off by this because agents don't fully explain the agreement clearly and the benefit to them.. I have never had anyone refuse to sign it. I make it for a very short period, so they can get to know me, and I them.  Then if we are happy working together we extend it.

Jul 21, 2018 06:34 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I typically don't use them.

Jul 21, 2018 06:11 AM
Rainmaker
4,900,966
Richard Weeks
Dallas, TX
REALTOR®, Broker

At what I like to call our emotional qualification meeting.

Jul 21, 2018 04:19 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it's at the first meeting in the office.... or there are no future appointments....

Jul 21, 2018 04:13 AM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

After first meeting.

Jul 21, 2018 03:54 AM
Rainmaker
3,627,072
James Dray
Fathom Realty - Bentonville, AR

Either before any showing or no later than after the first one.  If they refuse, I fire them and move on

Jul 21, 2018 02:43 AM
Rainmaker
7,863,184
Roy Kelley
Retired - Gaithersburg, MD

At the first scheduled face to face meeting.

Jul 21, 2018 02:39 AM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Sometimes right away and sometimes after the first showing

Jul 24, 2018 06:12 PM
Rainmaker
5,877,335
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

At the end of the first day out.

Jul 24, 2018 06:30 AM
Rainmaker
4,960,530
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Before they get in my car!

 

Jul 23, 2018 12:07 PM
Rainer
44,891
Dan Capra
LAER Realty Partners - Lowell, MA
Listing/Buyer Agent

If not the first meeting the second one

Jul 23, 2018 06:02 AM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Befpre we go looking at homes and at the first opportunity to have the discussion about why it is important to the buyer.

Jul 21, 2018 09:11 PM
Ambassador
2,684,569
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  After our first sit-down meeting to discuss what they are trying to achieve, and after ensuring that they have the POF or pre-approval.

Jul 21, 2018 03:08 PM
Rainmaker
1,506,013
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

If I get an upcall from an on a listing of mine.  It helps weed out the buyers who "don't want to bother their agent" or claim not to have one, only to have the write the offer after you sold them on the house.

Jul 21, 2018 10:24 AM
Rainmaker
902,038
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

CT is a buyer agency state, which means it's illegal to show without an agreement, but alas, that is often ignored as buyers get spooked when you ask them. I ask at first meeting, explaining the reasons and request to be covered at least for the properties being shown by me that day, for  three to six months. In other words, sometimes to make the buyers feel more comfortable, until they ARE more comfortable with me, I offer to do it a day at a time. 

Jul 21, 2018 08:10 AM
Rainmaker
1,753,313
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Virginia changed the rules a few years ago that allows agents to take a buyer out once to look at property before having a BBA signed. I do that because I may not want to work with a particular buyer. I dropped a family last year that had out of control kids. I had to follow them around constantly to make sure they weren't breaking or taking owners stuff. One and done on that couple. No BBA needed.

Jul 21, 2018 07:02 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Before the first showing

Jul 21, 2018 06:53 AM
Rainmaker
5,239,023
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never used one when active. These days, I would have them sign one before I exerted any effort or shown any homes. Times have changed!

Jul 21, 2018 06:53 AM
Rainmaker
2,191,798
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I attempt to do a Buyers Consultation Session with all first time buyers. After it , it is clear they need ( and want) Representation !

Jul 21, 2018 06:03 AM
Rainmaker
1,553,330
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

100% of the time and between preapproval and first showing i.e. no showings without one.

Jul 21, 2018 05:51 AM
Rainmaker
2,784,566
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

There is no time like the present for the serious player

Jul 21, 2018 05:40 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

They sign up for the BENEFITS of membership. An EBA comes with resources that those unwilling to commit will not benefit.

Jul 21, 2018 04:47 AM