Manishaasthag, Coldwell Banker charges both buyer and seller a fee at closing. The disclosure of the fee is in the middle of their disclosure document. Typically, agents ask you to sign this at the initial point of contact. With a Seller it is at the time of listing. For a Buyer it would during their initial meeting and disclosure paperwork.
If you signed the paperwork, it will be difficult to prove that you were unaware even if the item was not directly pointed out to you at the time of signing.
As a New Home Specialist, the client can be registered with the New Home builder. Usually the builders require the agent to accompany the client at the time of registration. It is really helpful for the buyer to have a New Home Specialist asking questions on behalf of the buyer and acting like an ombudsman for the buyer with the Home Builder.
You can now relate how a New Home Specialist can help you with the volume of paperwork and questions / decisions regarding the new home. The agent can earn their commission by helping you facilitate the transaction.
As a buyer, you have the ability to give a thumbs up or down for the agent to represent you when buying a new home. Did the Coldwell Banker agent procure your awareness of the development and assist you in any way? Some agents really do earn their commission and can save new home buyers a lot of heartache and mistakes.
If you were just signed up and the agent did nothing to procure the sale, then you do not have to sign the document. Check with the agent's broker for further discussion.
Brock Realty Inc.
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