The following is made part of the Windermere Exclusive Buyer Agency Agreement dated ___________________ between ____________________ “Buyer” and Windermere Real Estate/Bellevue Commons Inc “Buyers Agent” and _______________________, “Sales Associate” and confirms the mutual understanding of each other’s commitment and further confirms the scope of Buyer Agent’s duties to make a good faith and continuous effort to find a property for Buyer.
Agency Duties
- Exercise reasonable skill and care
- Deal honestly with you and in good faith
- Provide loyalty by taking no action that is adverse or detrimental to your interest in a transaction
- Timely disclose of any conflicts of interest that may arise
- Advise you to seek expert advice on matters that are beyond my expertise
- Not disclose any confidential information from or about you
Communication
- Counsel with you to discover your particular needs and wants
- Explain the purchasing process and provide you with pertinent purchasing information
- Report to you findings on perspective properties
- Provide to you a calendar of scheduled showings
- Provide to you an accurate estimate of the total cash required to purchase a home
- Provide accessibility through pager, cell phone, voice-mail, email, direct access line, fax, etc.
- Pass on information that may enhance your bargaining position
- Coordinate communication between you and the Seller, loan company, escrow, and listing agent
- Prepare and explain purchase documents before you sign
- Keep you informed from start to finish, and after closing
Preparation
- Educate you about the financial market, new loan programs, and up-to-date market information
- Assist you in shopping for financing
- Check computer listings daily
- Set up internet home tours via the Windermere web site
- Preview properties before showing to ensure that our time together is productive
- Call listings agents to check on availability of listings
Service
- Problem solve
- Leadership - Provide guidance and empower you to make good decisions
- Advocacy - Promote and protect your best interest
- Negotiate on your behalf for the best price and terms
- Provide negotiating strategies for dealing with issues that potentially impact the value of the property i.e.: LP siding, oil tanks, electromagnetic fields, asbestos, lead paint, etc.
- Tap into my network of support
- Provide clear expectations about the process from the lender, the inspector, the escrow, the title and from me
- Research and follow-up on any homes, signs or ads you may see
- Show you homes in any neighborhood of your choice
- Research any special needs you have regarding potential properties
- Give you advice, opinions and recommendations regarding the properties you see
- Disclose to you known material facts
- Point out reasons “Not to Buy”
- Assist you in obtaining a general home inspection of the property, if you desire
- Monitor the transaction through escrow and closing
- Enlist the support and knowledge of my manager to counsel me on any situation that may arise
- Be a reference source for you to help find school information, utilities and special services
- If appropriate, attend closing with you
- Arrange possession of your new home and coordinate between you and the Seller.Give you advice, opinions and recommendations regarding the properties you see
- Disclose to you known material facts
- Point out reasons “Not to Buy”
- Assist you in obtaining a general home inspection of the property, if you desire
- Monitor the transaction through escrow and closing
- Enlist the support and knowledge of my manager to counsel me on any situation that may arise
- Be a reference source for you to help find school information, utilities and special services
- If appropriate, attend closing with you
- Arrange possession of your new home and coordinate between you and the Seller.
AS THE BUYER, I (WE) AGREE TO:
- Be truthful with Sales Associate in regard to all financial matters pertaining to the purchase of a property, i.e. current financial condition and history.
- Be exclusive and loyal to Sales Associate and disclose to other real estate agents that we have already established a working relationship
- Only enter into a Purchase and Sale contract with Windermere Bellevue Commons Inc and the undersigned as our Buyer’s agent during the term of the Exclusive Buyer Agency Agreement.
- Sign hereto attached Windermere Exclusive Buyer Agency Agreement.
Buyer _____________________________________ Date _______________
Buyer _____________________________________ Date _______________
Sales Associate ______________________________ Date _______________
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