Posted by Bruce Lawson on September 04, 2003 at 19:24:41:
No offense taken.
The major benefit to the buyer when the buyer hires a realtor via exclusive right to represent contract is due dilligence, what I mean is when the buyer agrees to sign a contract with a realtor that realtor now owes his/her new client (COALD)care and confidentiality, obedience, accountibility, loyalty and disclosure. We have fiduciary responsibilities to our clients, therefore everything we do is for our clients best interest and we work with due dilligence to service the client and satisfy their real estate needs. When you work with a realtor you should go back to their office with them and watch exactly what they do to service their clients. Many people think we sit in an office and wait till someone comes in and wants to buy a house, and our job is so much more than that.
What I am saying is you will get a whole lot more satisfactory service from a realtor you actually hire. Now if you have one and the relationship is good and the trust is there then that situation would not need a contract because you are getting the service and the realtor has your loyalty. Until you walk in a realtors shoes and work the business in total compliance to the code of ethics that all realtors swear to at orientation you may never realize how huge it is to have a real estate professional working exclusively for you, and you will see your job as investor will become easier.