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why are buyers being asked to sign a buyers agency agreement?

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? A buyer agency agreement is a contract between a buyer and a real estate agent or brokerage, stating that the agent or brokerage will represent the buyer in the purchase of a property. This agreement outlines the responsibilities and expectations of both the buyer and the agent, including the scope of services provided, the duration of the agreement, and any fees or compensation owed to the agent. Buyers are often asked to sign a buyer agency agreement before being shown a property because it establishes a formal relationship between the buyer and the agent, and ensures that the agent is legally obligated to work in the buyer's best interest. It also helps protect the agent's time and effort in finding suitable properties for the buyer and their compensation if the buyer decides to purchase a property they have shown them. Additionally, some sellers require buyers to have a signed buyer agency agreement in place before allowing a showing of their property, as it demonstrates that the buyer is working with a committed and serious agent. This may give the buyer a stronger position in negotiations and increase the likelihood of their offer being accepted. It is important for buyers to thoroughly review and understand the terms of a buyer agency agreement before signing, and to ask any questions they may have. If they are not comfortable with the terms, they can negotiate or choose to work with a different agent.

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