Listing brokers represent sellers by signing a listing agreement. The listing agent’s goal is to get the best price and terms to favor the seller.
Buyers also benefit by having a brokerage agreement to represent their best interests. As a buyer, having an advocate on your side helps you avoid risks and gain benefits.
A mutual commitment to work together means you will have a better experience and results. A Buyer Brokerage Agreement is a document for a buyer, like a listing agreement is for a seller.
Having a Buyer Brokerage Agreement empowers your agent to represent your best interests. Your agent can search off-market properties for you, give strategic advice to help you win, and negotiate in your best interests. A signed brokerage agreement explains how you and your agent will work together.
Key Takeaways
- A Buyer Brokerage Agreement is the difference between being treated like a Client vs Customer. A client experience is superior to being a customer.
- Client: A Buyer Brokerage Agreement is the only way a buyer can be treated as a client. Georgia law prohibits a Broker from representing a Buyer as a client without first entering into a written agreement.
- Customer: A customer is a buyer who does not have a signed Buyer Brokerage Agreement. Brokers cannot give advice or share winning strategies with a customer. As a customer, no one is looking out for the buyer’s best interests.
What Is a Buyer Brokerage Agreement?
A buyer brokerage agreement is a written commitment between a buyer and a broker. When a buyer signs the agreement, it means they agree to work only with the broker and not use another broker during the agreement’s timeline.
How Does a BBA Work in the Buyer’s Favor?
A Buyer Brokerage Agreement (BBA) can provide several advantages to a real estate buyer. A BBA allows the broker to better tailor their services by establishing expectations and requirements. The mutual commitment helps both parties focus time and effort by aligning broker compensation with the buyer’s goals.
A BBA ensures you receive the best possible representation. You gain strategic advice, proven negotiation tactics, and a trusted guide who will leave no stone unturned to help you find the right home.
At Path & Post, our brokerage agreements also protect you from a risky practice called Dual Agency. Dual Agency occurs when a broker helps both the buyer and seller. In Dual Agency situations, neither side benefits from full representation. Most Georgia brokers allow the practice of dual agency. Path & Post does not permit dual agency since it is not in the best interests of our clients.
Path & Post buyer clients also win with the following benefits:
- Multiple Finance Solutions
- Expanded Search Plan
- Priority Tour Services
- Strategic Negotiations
- Navigating Contingencies
- Pathfinders’ Experience
Learn more at pathpost.com/buy
We’re A Different Kind of Real Estate Brokerage
Working with a Path & Post Strategic Guide is a different kind of real estate experience. We begin with a Search Plan to find the right home for you and your family. We aren’t going to wait on the market to come to us. Instead, we are going to search everywhere, including off-market properties. If you have any hesitation about signing a BBA, it’s important to discuss these questions in an honest conversation. A trusted guide will put your priorities over their own, help you navigate the market, and win based on your specific goals.
