Am I locked into an agent if I sign a buyer's agreement?

We are required to have an agency agreement with all potential Buyers before touring properties. This agreement can be property specific, day specific or time frame. Check the terms of the agreement you signed or contact the agent and ask. If you are not happy with the representation you received and are under a time frame buyer agency relationship -- ask to be released. As long as you do not purchase any properties you toured when you met with the agent -- you are under no obligation to continue if its not a good fit. Most agents do not want to work with clients that do not want to work with them. Buying real estate is a relationship and all parties must be onboard the same ship for the most successful outcome.

Hi David; YES, these are agents are correct, however the agreement can be just for 1 day or even 1 property. Another great option for you is to visit open houses in your target area. You are likely to meet agent that know the area which would help you to decide who you might want to work with. More info on this new and very important topic can be found at FACTS. REALTOR. they have a number of great FREE resources including: CONSUMER GUIDE: WHY AM I BEING ASKED TO SIGN A WRITTEN BUYER AGREEMENT?; TEN QUESTIONS TO ASK A SELLER’S AGENT; CONSUMER GUIDE: NEGOTIATING WRITTEN BUYER AGREEMENTS and many more! Information is POWER!!

You can have them only represent you for a specific property for just that day.

Hi David, as per the new mandated regulations nationwide following a settlement referred to as the NAR settlement, we as Realtors are no longer able to show and tour homes without a written agreement. However, each state and brokerage has different versions of said agreements from showing agreements that are property speciifc to exclusive buyer agency agreements. The agreements are for the purpose of full transparency and to protect you as the consumer. I would encourage you to reach out to the agent and ask for a more detailed explanation.

yes that is the new Rule in the US as of August 17 2024, Agents must have a Buyers Agreement before any showing.