Home Buying in New Hampshire>Question Details

Biker Girl, Home Buyer in New Hampshire

agency agreement

Asked by Biker Girl, New Hampshire Sat Jun 4, 2011

In NH do you need to have a buyer agency exclusive agreement? Are there other options?

Help the community by answering this question:


Biker Girl you do not have to sign an exlcusive buyer agreement, you can sign a disclosure where the agent is a transactional broker and can assist you, but does not represent you as their client. NH does require you to sign a disclosure agreement which simply outlines the type of agency relationships.

If you need assistance in buying and want or dont want a buyer broker, i can help you if you like either way. Just send me an email or give me a call. good luck with buying
0 votes Thank Flag Link Tue Jun 7, 2011

NO you do not have to have an exclusive buyer agency agreement. There is another agreement called a buyer facilitator agreement in which you are a customer not a client.

The difference between a customer and a client?

As a customer you should not expect the agent to promote your best interest, or to keep your bargaining information confidential. The agents job is just to show you properties and assist you in completing a real estate transaction.

As a Client you receive more services ie, loyalty, confidentialty, and assistance in negotiations.

If you have any further questions please don't hesitate to contact me.

Tracey Guy
Prudential Verani Realty
0 votes Thank Flag Link Sat Jun 4, 2011
Hi Biker Girl,

Unless or until you enter into a written agreement for agency representation, you are considered a Customer and the real estate broker or salesperson will not act as your agent. As a Customer, you should not expect the real estate broker or salesperson to promote your best interest, or to keep your bargaining information confidential.

With an exclusive agency agreement, you become a client. Clients receive more services than customers. You become a client by entering into a written agency agreement for representation as a seller/landlord or as a buyer/tenant. In accordance with RSA 331-A:25-a the duties of an agent to a client are: Loyalty, Lawful Obedience, Disclosure, Confidentiality, Reasonable Care, Diligence and Accounting. Client-level services also include advice, counsel and assistance in negotiations.

The bottom line is that as a client, your agent represents your best interests and will helop you though the property search process, writing and negotiating an offer, the home inspection process and most importantly, the closing process.

Some people think they can save money by not having a buyer agent. This is not true considering that the seller pays a commission to the selling agent and the selling agent typically shares this commission with the buyer's agent. If there is no buyers agent, or if a buyer works with the sellers agent, the seller pays the same amount of a commission. The difference is that it does not get split with a buyer agent, however the seller's agent represents the sellers interest first and foremost and does not exclusively represent the buyer's interest.

I hope this info helps. Please let me know if I can help further in any way...

Regards, Lee

Lee P. Johansen
Keller Williams Realty Metropolitan
168 South River Rd. Suite 1A, Bedford, NH 03110
Cell: 603-315-0739
Fax: 603-628-2246
Office: 603-232-8282
E-Mail: Lee@LeeJohansen.com
Search MLS: http://www.mlsfinder.com/nh_nneren/leejohansen/
Licensed in New Hampshire

I'm never too busy
for your referrals
0 votes Thank Flag Link Sat Jun 4, 2011
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