The time to discuss real estate agent bonuses with your buyer’s agent when buying real estate in Charlotte NC is BEFORE your hire the agent and definitely before you make an offer on a Charlotte NC home for sale.
Real estate agent bonuses are mentioned in the buyer agency agreement but it’s important to not just gloss over the topic and take the time to make sure you and your Charlotte NC buyer’s agent are on the same page when it comes to any potential real estate agent bonus.
By LAW, when acting as a buyer’s exclusive agent, we have to disclose any offered real estate agent bonus but in my opinion the topic should be thoroughly addressed before I enter into any agency relationship with a buyer searching for real estate in Charlotte NC.
Will your buyer’s agent expect to be able to keep any bonus offered by a seller/builder/list firm? Will your buyer’s agent help you negotiate the amount of the bonus into terms in your favor (i.e. closing cost credit, price reduction, etc)?
These are questions that really should be addressed before you’re out actively searching for real estate in Charlotte NC with your buyer’s agent. The time to discuss the possibility of real estate agent bonuses AND how they’ll be handled shouldn’t be a distraction once you’re ready to make an offer on a Charlotte NC home for sale.
Taking the time to discuss the topic of real estate agent bonuses upfront with your Charlotte NC buyer’s agent can save tons of confusion later on, and (again, just my opinion) figuring out how an agent bonus is handled shouldn’t have ANYTHING to do with the process of evaluating, researching and putting together an offer to purchase a home in Charlotte NC.
As a buyer of real estate in Charlotte NC, before hiring a buyer’s agent you should know where they stand and what their opinions are on buyer agent bonuses – the buyer agency agreement is the basis for the relationship between agent and buyer. Both agent AND buyer should be very clear about its terms and the real estate agency relationship, and those terms should be in writing.
Before setting out to buy real estate in Charlotte NC and hiring an exclusive buyer’s agent take the time to get to know the agent you’re hiring to represent you (and promote your best interests) when buying real estate in Charlotte NC. The topic of buyer agent bonuses is a “what if” situation in the initial home search stages, but it’s still a really important discussion to have. Buyer’s agents in Charlotte NC aren’t tour guides or key turners, you’re hiring a real estate professional to work on your team, be loyal to you and give you honest, professional advice about real estate in Charlotte NC.
I think that’s worth having at least a discussion about things that may come up during the process of buying real estate in Charlotte NC! Dual agency when buying real estate in Charlotte NC is another key discussion point before hiring a buyer’s agent in Charlotte NC.
Copyright©2009 by Diane McDermott, All Rights Reserved, “Agent Bonuses When Buying Real Estate in Charlotte NC”