Exclusive Buyer Agency Agreements:

1. Why does William Raveis require a fee agreement before touring homes?
   New rules require us to confirm our agreed-upon fee with you before scheduling a home tour. This ensures transparency and understanding of our services. You can easily review and sign the fee agreement with just one click when booking a tour.
2. Can I work with multiple real estate agents simultaneously?
   It depends on your buyer agency agreement. If you sign an exclusive right-to-represent agreement, you’re committing to working with one agent. With a non-exclusive or open agreement, you can work with multiple agents and only pay the one who helps you purchase a home.
3. What if I find a property on my own?
   The terms of your agency agreement will determine the next steps. Under an exclusive agreement, you may still need to notify your agent, and they could be entitled to a commission even if you found the home yourself. Be sure to clarify compensation terms before signing any agreement.
4. What should I do if I’m not satisfied with my agent after signing an agreement?
   Many agreements include a termination clause that allows you to end the contract under certain conditions. Review these terms carefully before signing to ensure you can exit the agreement without penalties if you’re unhappy with the agent’s services.
5. Do I have to pay the agent if the deal falls through?
   Typically, buyers don’t owe a commission if the deal falls through, as long as no terms of the agreement were breached. Review your agreement for specific clauses that address this scenario.
6. Can I switch agents if I’m under contract with one?
   Switching agents is only possible if your agreement permits it or if you can terminate the existing contract. Attempting to work with another agent while under an exclusive agreement may lead to legal or financial issues. Always understand the exclusivity and termination clauses in your contract before making any changes.