Is there a Texas standard buyer's agency contract that specifies what will be delivered for the fee? I was

Russ
Home Buyer
77536

asked to sign a one page contract that specified the fee, but didn't indicate what would be done in return for the fee. This seems a really strange way to deal with customers. I would likely have signed if the contract had it included what I would receive for the money.

Answers (1)
Bruce Lynn
Agent
Texas
FIRST ANSWER

Any buyer's representation agreement should have what the broker's obligations to you are. I can't imagine one without it. There is a standard Texas Association of Realtors Buyers Represenation Agreement and it does spell out what the broker's obligations are. Should be something like:
1. Use best efforts to help you find a suitable property in the market area.
2. Assist client in negotiations to aquire the property.
I agree with you that any contract you sign should be explained to your satisfaction and typically will obligate both parties to contribute to the outcome. Usually there is some give and take in most contracts. You do this and I'll do that. I'll do this for you and in return you'll pay me X.

If you'll send me an e-mail I can send you a copy of one of the standard contracts.

Web Reference: http://www.teamlynn.com
Fri Nov 16 2007, 05:55

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