I want to look at homes with a realtor. I don't want to be committed to one. I live in New Jersey. And had an offer with a realtor to go out tomorrow and look at homes. I may wind up going wtih a different realtor when I purchase my home ultimately, am I locked into the realtor who takes me out? What if I buy a home is it the realtor who had me there first that matters?
I am in NJ.
2007-01-06 11:07:22 · 14 answers · asked by Joe 2 in Business & Finance ➔ Renting & Real Estate
Realtors are paid by commission only. If you are not happy with the one you have do not go see anymore houses with them. If you put a bid on a house with a different Realtor than the one you seen the house with the first Realtor will probably file pre curing cause with the second and get their commission. It is not something you should do. If you see houses with one Realtor and don't put in offers on any house they showed them you are not obligated to see any more houses with them. Simply ask yourself one question. If you worked all week and your boss said he gave someone else your check, how would you feel?
I liked my first impression of your question better. Anyone who dates a Realtor should be committed in an institution according to my wife.
Best of luck to you.
Michael
2007-01-06 11:15:27 · answer #1 · answered by Bestbank Real Estate 3 · 0⤊ 1⤋
You are not committed to a realtor unless you sign a buyer agency agreement. Without a signed agreement, you can change realtors as often as you like. However, if you go out to look at homes with a realtor without a signed agreement it is presumed a buyer agency exist. If you decide to buy a home that you are shown, the agent who showed you the home is entitled to a commission. The commission will be paid by the seller's broker, not you (buyer). Hopefully, this will relieve some of your concerns knowing there is no financial risk to you by looking at homes with a realtor. The best solution is to use one realtor for all of your real estate needs.
2007-01-06 14:14:17 · answer #2 · answered by Derrick L 2 · 0⤊ 0⤋
No you are not committed because someone took you to look at houses. You are not actually committed even if you sign an agreement making them your agent. The agreement is not worth the paper it is written on.
This said, you really should seek out a good Realtor to help you. As a buyer, you do not pay anything to the Realtor and they can be a lot ot help to you. Don't go like a butterfly from one Realtor to the next. Pick one and stay there as long as they are being helpful. They in turn will do a lot of extra stuff for you if you do.
2007-01-06 12:14:42 · answer #3 · answered by Big Bama Fan 2 · 0⤊ 1⤋
You're never committed unless you sign a representation agreement. But, and this is a big but, if you want to buy one of the homes that the REALTOR showed you, they're entitled to a commission. And trust me, they will do anything to collect a 3% commission.(That's the standard in the MLS). The only proof the Realtor need to sue if you don't pay commission, is the mls access record to those homes, and every time a Realtor shows a home, they notify listing agent and register you as buyer, which almost always will protect buyer agent commission(ethics).
In other words, you're looking for trouble!
2007-01-06 11:46:11 · answer #4 · answered by orlandomortgagebroker 2 · 1⤊ 0⤋
Unfortunately for Realtors. You may use one to show you all the homes in the entire town and then use your Uncle to write the contract.
I must tell you however, when family members represent us or a friend does, and they aren't a fulltime Agent. They are going to loose you some money along the way...it is just and industry fact. The fulltime pros are the only ones that can save you money enough to pay for the commission. If this makes no sense, Im sorry. It just is what is known from the inside of the deal.
2007-01-06 11:15:09 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Not if you don't sign a buyers agency agreement. Just go out with this realtor tomorrow and the realtor will act as a non-agent. Do not sign anything but a agency disclosure. Wait till you are comfortable with someone then it may be a good idea to hire someone as a buyers agent. Someone on your side of the transaction. It does not cost you anything extra. It generally is paid on the sellers side. Happy house hunting.
2007-01-06 11:15:46 · answer #6 · answered by NH Realtor 2 · 0⤊ 1⤋
You should use the Realtor that show you the home as long as they do a great job.,But you should use several Realtors from different brokers, so you can see more listing and have a better idea of what is for sale.
The reason why you should do this is they do not have one MLS's and there are very few cross over listings, so it sort of created a false shortage in the past and thus drove up prices.
That is how they creataded a false shortage and made the bubble.
http://www.breakingbubble.com/index.htm
Good luck
2007-01-06 12:24:45 · answer #7 · answered by Anonymous · 0⤊ 1⤋
Do not waste the time and money of the REALTOR tomorrow. Get the one who you actually want to work with to show you your chosen properties. REALTORS get paid commission. If we don't sell a house we don't get paid. The time and gas that the REALTOR will use showing you properties will not be reimbursed. They will have to eat it. Why would you even consider doing this?
2007-01-06 12:22:27 · answer #8 · answered by Karen R 3 · 0⤊ 0⤋
They do. plenty better than you comprehend. How is the Realtor the blame for the loan? The Realtor has no say on who gets authorized or disapproved for a loan. the only one to blame is the single sitting on the final table signing the loan medical doctors.
2016-11-27 00:35:35 · answer #9 · answered by ? 4 · 0⤊ 0⤋
if you found a realtor to show you homes without having you sign a buyers rep agreement, run as fast as you can. no good realtor will show you homes without a buyers rep agreement in place and a prequal from a lender or bank for a mortgage.
2007-01-06 11:58:44 · answer #10 · answered by daniel r 4 · 0⤊ 0⤋