Understanding Buyer Broker Agreements
Earn 3 CE credit hours FREE via Zoom while making sure you’re up-to-date on the way the real estate business is changing.
Because some MLSs are changing the way brokers do business it is more important than ever that all Realtors have all the tools and knowledge possible to do business successfully. The 2024 FR Leadership Team has approved hosting the 3-hour (CE-approved) course “Understanding Buyer Broker Agreements and How to Implement Them” via Zoom Video Conferencing throughout the year.
About the course
Course description: Have you ever felt like saying, “Buy from me or get out of my car.” You work with a buyer for days on end, drive them to every house they want to see, only to find out a week later that they used their Great Aunt Lucy, who has a real estate license, to buy a home? Loyalty seems to be at an all-time low. The internet helps buyers gain tons of information and we as licensees have to prove our worth and value even more today. Why should a buyer pick one agent to work with and be loyal? Is there a way a buyer can do that? We ask sellers to commit to one brokerage with an agreement so why don’t we ask buyers for the same commitment? Let’s find out how.
After taking this class students will be able to:
- Explain the importance of working exclusively with a buyer
- Determine which agreement is appropriate when
- Understand how written agreements protect both the customer and the brokerage
- Recognize what an exclusive representation means when working with a buyer
- Comprehend what types of agency relationships are authorized with an exclusive buyer-broker agreement
- Clarify to a buyer the importance of the agreement and how to present it
- Appreciate the arbitration hearing process and how clear written agreements between the buyer and seller can reduce the confusion of procuring cause.