Exclusive Right To Represent Buyer Agreement

Buyers who work under other agreements tell their agent not to work very hard for them because they may not use that agent to buy a home. It`s quite common for a buyer agent you work with to ask you to sign a buyer representation agreement. It exists because an agent could spend hours working with a buyer just to put them under contract with another agent. Real estate agents operate at 100% commission, so when they spend their money and especially their time to work with a buyer who changes his mind at the last minute, it harms their final result. If a buyer worked with Agent John for weeks and suddenly chose Agent Betty to help buy a house just because she`s a family friend, then John really loses.