No matter what you decide, think about doing your homework in advance. Before you sign your contract with the broker, make sure you know what you want and what services you expect. For sellers, this could include staging, open houses, advertising and a marketing plan. For buyers, this could include unavoidable features, potential deal breakers, amenities and geographical considerations. In both cases, make sure it is clear who will pay for these additional services. The buyer-broker agreement, which works best for your scenario, depends on where you live and the agent you want to help in your home search. Regardless of the type of agreement you are going to, mcKnight advises buyers to pay attention to the compensation and termination sections of the contract before signing on the points line. And talk to your agent if you have any questions; Remember, the buyer-broker agreement exists to protect you both. If you are in an exclusive agreement with an agent, it means that you work with them and only with them.

You can negotiate the commission rate, but if the seller agrees to pay an additional commission and it is disclosed, the buyer`s representative may receive more. But that doesn`t mean your agent will relent his duties – he always has your best interest in the heart. Once you have found the home for which you would like to make an offer, the buyer`s real estate agent will give you advice on a reasonable offer for the home. Then they write it down and present it to the listing agent and give it to the seller. If the seller refuses the offer, the buyer`s representative will consult with you and negotiate on your behalf. I can only speak in a general way, because I cannot comment on a situation in which you are represented by an officer. If the duration of the agreement is less than six months, it is not necessary to initialize in addition to the six-month clause, since the agreement does not exceed six months. When a buyer enters into another buyer`s replacement contract (BRA) during the holding period, the STANDARD OREA form indicates that the buyer is responsible for the difference between the commission agreed in the first CSR and the commission agreed in the second: but more often than not, the two commissions cancel each other. Note that brokers sometimes have their own BRAs and do not use the OREB, so it is important that a buyer carefully check these provisions before signing.

An ARO is a contract and the conditions are binding, so it is important to get legal advice when questions like these arise.