Pittsburgh Homes North - Linda Honeywill - Buyer Agency with Broker

Buyer Agency

BUSINESS RELATIONSHIP between BROKER and BUYER

The Real Estate Agent works exclusively for you the Buyer.
Buyer Agency is a business relationship where the licensee (real estate agent), upon entering into a written agreement, works only for the Buyer.

Buyer Agent duties:

Find a home that meets the customers needs.
Research the home's past sale history.
Work to determine the proper value of the home.
Find out what the neighbors homes sold for.
Research how long it takes homes to sell in the neighborhood.
Advise on best negotiating strategy.
Structure a sales contract to benefit the Buyer.
Negotiate for the best possible price and terms.

IMPORTANT:
When signing a BUSINESS RELATIONSHIP between BROKER and BUYER
always check line 1B - ENDING DATE. This contract ends
when looking at homes for the first time with an agent it should state: This contract ends at Midnight of the date this contract is signed. This means the Agent is working in your behalf for that day showing you homes which is a good thing.
when you have decided to use the same agent to find you a home it should state: This contract ends with a 5 day written notice or at settlement of a home. This means that the agent is required to work in your behalf daily to find you a new home until you end the business relationship.
BEWARE of agents that use: This contract ends in 90 days from signing or any other long term.

You should always sign a Business Relationship contract so that the agent is legally required to protect your interest.

Click Here to View the Pennsylvania Business Relationship Agreement.