Rainmaker
38,609
38,609
SPINNAKER REALTY LLC - Kitty Hawk, NC
With 14 Yrs Experience in Outer Banks Real Estate
Yes I use one, and no, I've never had to enforce it. I wouldn't even attempt it: a) think of the cost involved b) think of the negative publicity it would generate c) not to mention a continued negative focus which would impact my other business d) if someone doesn't want to do business with me, I would thank them for raising their hand early before I spent too much time/energy/effort with them.
If they don't want to do business with me, I would be happy to release them and I would wish them well.
Nothing good ever happens by holding onto a negative situation for a moment longer than is absolutely necessary...
Apr 01, 2015 01:12 AM
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Steve Vondran "Attorne...
San Francisco, CA
Rainmaker
5,116,528
5,116,528
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor
Yes and yes. The buyer agency agreement is a legal document signed by you as a representative of your company and the buyer. However, at the end of the day, if a buyer decides they really don't want to work with me, I'll release them. You can't hold buyers hostage.
Mar 31, 2015 09:37 PM
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Steve Vondran "Attorne...
San Francisco, CA
Rainmaker
2,224,473
2,224,473
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO
I do use one. I haven't had to enforce it.
Mar 31, 2015 04:11 PM
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Steve Vondran "Attorne...
San Francisco, CA
Rainmaker
2,443,250
2,443,250
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!
Yes I use one, and I have never been tested.
Mar 31, 2015 01:03 PM
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Steve Vondran "Attorne...
San Francisco, CA
Rainmaker
386,078
386,078
Keller Williams Realty Acadiana - Lafayette, LA
Realtors/Career Consultant
Thanks, Lise. Hopefully, you've never had a need to enforce it.
Mar 31, 2015 12:13 PM
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Steve Vondran "Attorne...
San Francisco, CA
Rainmaker
2,379,876
2,379,876
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC
I use one but will not enforce it. I think the litigation would be unpleasant and useless.
Mar 31, 2015 12:02 PM
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1
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Steve Vondran "Attorne...
San Francisco, CA
Rainmaker
4,800,132
4,800,132
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate
Rainmaker
630,251
630,251
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya
Rainmaker
3,071,589
3,071,589
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty
Rainmaker
105,361
105,361
The Law Offices of Steven C. Vondran, P.C. - San Francisco, CA
Business, Real Estate, and Intellectual Property
Yes there are times when an exclusive buyers contract is something you will thank yourself for getting, especially in higher end real estate transactions where huge commissions can be on the line. You can always create a custom arbitration addendum so that you do not end up in an expensive and time consuming litigation if the contract is breachec. My high end real estate buyer agents don't do business without these contracts in place. They feel their time is valauble and if you want a dedidicated loyal servant, you need to agree to the commission and the reprsentation. Just like Beyonce is not going to do anything without having a contract in place. When you exude the confidence and take control of the relationship buyer's will respect you for that. In my opinion, you have to wonder about the buyer's that refuse to be bound by having just one agent assist them. I just posted a general legal reponse on this on my blog and will be posting a video shortly from our Youtube Channel.
http://vondranlegal.com/can-you-enforce-a-real-estate-buyers-brokers-agreement/
Mar 31, 2015 04:24 PM