Your real estate professional may ask you to sign a representation agreement, a document that defines the nature of the relationship between you and the brokerage, including the broker or salesperson. It should protect the interest of all parties.
Before you sign:
- Clarify your needs and expectations
- Ask what your broker or salesperson expects from you
- Discuss what services they will provide
- Clarify fees and costs
- Check that the timeframe of the agreement is appropriate for your needs
- Confirm that the geographic area covered by the agreement is appropriate based on the brokerage’s expertise
- Ensure you understand the agreement
Don’t sign it if you don’t understand it
Never sign an agreement unless you know what all the clauses mean and how long it will be in effect. Ask questions. And feel free to seek legal advice.
Keep a copy
Once you’ve signed an agreement, make sure you get your own copy. Keep your copy on file in case you need it later.