Is A Buyers Agreement Binding

A: Well, we`re not usually for these documents, but we understand why some real estate agents want their buyers to sign them. These documents often indicate that the buyer agrees to cooperate with a particular real estate agent for a certain period of time. When the buyer buys something during this period without the help of the agent, these agreements often provide that the buyer`s agent must pay a fee for that purchase. The buyer-broker agreement is binding on both parties, so it can be difficult to get out of it. If you request the release and the broker does not agree, the next steps vary depending on the terms of the contract. You don`t need to sign this contract for an agent to show you a few houses if the agent agrees. Some shortcuts have a very different meaning if they are not clearly used. For example, the words „VA loans“ can mean either „loans in Virginia“ (a loan product for residents of the state of Virginia) or the „VA loan“ guaranteed by the U.S. Department of Veterans Affairs, which is something else entirely. To illustrate the terms, you should spell the words „for sale by the owner“ instead of the abbreviation „FSBO“ in a real estate contract. . . .