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Rainmaker
3,064,654
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Depends on their stated buying time frame - usually twice as long as that - plus a holdover period for any properties shown by us.

Nov 07, 2015 10:44 PM
Ambassador
1,527,651
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I normally don't have buyers sign an agreement.  Either they want to work with me or they don't. 

Nov 07, 2015 10:41 PM
Rainmaker
4,798,687
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't use buyers agreements as they are very difficult to enforce here in Florida.

Nov 08, 2015 04:34 AM
Rainmaker
5,823,200
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The term may vary but 90 days is typical with an early release provisiton. They do need to sign an agreement.

Nov 08, 2015 02:57 AM
Ambassador
3,695,516
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

I always include language in my buyer broker agreement that allows either the buyer or me to terminate the agreement if we are not already under contract.  If you are a buyer and concerned about signing an agreement, you're smart.  If there is not "out" language in there, you can write it in.

Nov 07, 2015 10:53 PM
Rainmaker
816,802
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

If I am working with someone I already know, I will not use a buyer/broker agreement. However, if I feel like I need a buyer/broker agreement with a client, I will set the expiration for 6 months. I will allow the buyer to back out of the agreement at any time, however.

I just like to use it to ensure that they are working exclusively with me, but if they want out, I  will let them go. I don't want to work with anyone who doesn't want to work with me.

Nov 08, 2015 01:13 PM
Rainer
68,745
Sandra Graves
Keller Williams Realty - Folsom, CA
Realtor

I use them, and they are typically 3 to 6 months.

Nov 08, 2015 01:00 PM
Rainmaker
1,680,021
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I usually have a 6 month Buyers Agreement.  It's more of a psychological thing.

Nov 08, 2015 12:23 PM
Rainmaker
634,116
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

We use them occasionally and tailor the term to the client. Normally at least 6 months because it takes awhile for off island buyers to zero in on what they want.

Nov 08, 2015 11:57 AM
Ambassador
2,954,754
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

don't use them.

Nov 08, 2015 11:31 AM
Ambassador
2,209,455
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I don't get one signed right away with a buyer, but I will do it as soon as I know more about the buyer and see we can work well together. The length of time depends on the buyer. I'll do six months if I know we are going to get them in a house soon. I'll do a year if it's a buyer that is still just kind of looking. 

Nov 08, 2015 11:26 AM
Rainmaker
212,605
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

Depends on the buyer usually 3-6 month.

Nov 08, 2015 07:09 AM
Rainmaker
863,956
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

During buyer's consultation, I do bring out the buyer's agreement.

Nov 08, 2015 07:04 AM
Rainmaker
558,814
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

I usually know my clients as friends before they become clients so I don’t have them sign.  

Nov 08, 2015 05:52 AM
Rainmaker
4,432,838
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I have them sign a non exclusive contract. They can go to other agents but if I am the agent who showed the hosue I am the agent for that house.

Nov 08, 2015 03:33 AM
Rainmaker
3,027,743
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

It depends on the buyer. Very good question.

Nov 08, 2015 02:01 AM
Ambassador
1,554,836
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

Typically I don't use one, unless I suspect that they are agent shopping. But if I do, it's either situational (for one property only) or for 3 months if it's an investor. 

Nov 08, 2015 01:35 AM
Rainmaker
1,406,927
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

BBA's are mandatory in my State. I usually write them for six months with an out.

Nov 08, 2015 12:26 AM
Rainmaker
1,021,753
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

6 months, because it takes 3-4 months to get into escrow these days and with TRID I need a cushion for length of escrow too. I never work without one.

I'm always fascinated that agents see the value in the Listing Agreement, but oppose the equally important & valid Buyer Representation Agreement.

It seems like an odd double standard mindset: "I'm going to lock in the seller, but wouldn't dream of doing that same thing to a buyer"...such a curious distinction as if one is more valued than the other? Or is it some how one is "trusted" and the other is not? Very curious behavior.

But, I'm coming from other professional industries where we used a contract with EVERY client the same...and ran our business like a business.

Nov 07, 2015 11:39 PM
Rainer
6,843
Cathi Weuve
Real Estate America INC. - Cedar Rapids, IA
First time home buyers, to seasoned home sellers.

We are not required to have a buyers agreement. I wish we did though. However, if we do get a buyers agreement, no brokerages will uphold the contract, if the buyer uses another agent, or multiple agents. Once you find out they are using different agents per property, or mood they are in,  then I of course do not work with that buyer.

Nov 07, 2015 11:31 PM
Rainmaker
3,423,528
Richard Weeks
Dallas, TX
REALTOR®, Broker

30 days

Nov 07, 2015 11:08 PM
Rainmaker
5,358,846
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

usually, the only buyers we work with are the sellers we have who are staying locally .....no agreement is needed....

Nov 07, 2015 10:59 PM
Ambassador
4,699,999
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Until the property closes.

Jan 28, 2019 10:57 PM
Ambassador
3,985,140
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I usually have one and try to time it with enough time to get the job done. Some have been over a year while others may be only 90 days.

Nov 14, 2015 11:07 AM
Rainmaker
1,084,454
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I do not use it. 7 pages of conditions too intimidating. You either trust the guy or not. Any hint you show me a house I will have my brother to write it will be left on the freeway.  We have plenty of attorneys in our office.

For sellers that is unheard of this is my 11th year. For listing agreement it is at will.  Too bad you are a sucker took on a listing you did tons of work. They cancel the agreement.

Nov 07, 2015 11:41 PM