Shapur, Home Buyer in Burbank, CA

With how many Brokers I can work to buy house OR do I have to appoint one and work with him. Thanks

Asked by Shapur, Burbank, CA Fri Jun 26, 2009

Also I am first time home buyers with excellent Credit Rate.

Help the community by answering this question:

+ web reference
Web reference:

Answers

6
Keith Sorem, Agent, Glendale, CA
Fri Jun 26, 2009
Shapur
You can work with as many brokers as you like. However, my experience would be that a sharp Realtor is probably going to to want to sit down with you and map out a plan for your home purchase. Part of that dialogue will cover "are you working with another agent" and then you'll have to discuss how that might work.

Because Realtors are paid by the fee negotiated between the seller and the listing agent (in most cases) you, the buyer, no not pay for the agent's services. There is an agreement that is usually negotiated called the Buyer Broker Agreement, and it outlines things like where you want to buy your home, price range, etc. so you and your Realtor have a legal representation.

If you have more questions you can contact through my profile.
1 vote
L.A. Real Es…, , Los Angeles, CA
Thu Jul 2, 2009
Hi Shapur
You are free to work with as many agents as you like, as long as you don't sign an exclusive buyer agreement. With that in mind, if you are a serious buyer, you would want to sign an exclusive buyers agreement which will recieve more attention when you do chose to work with one agent. He./she will show their commitment to you , as you will show them you are committed to them.

We work with buyers who come and go all the time, but the ones who stick with us see the difference. They get more personal attention and are placed on a priority mode over those buyers who are just floating through.

You can find more buyer and seller resources on our website at http://www.myLARealEstateGroup.com
Best Regards,
Lou

Lou Arakelian
LA Real Estate Group
info@myLARealEstateGroup.com
http://www.myLARealEstateGroup.com
0 votes
Grace Morioka, Agent, San Jose, CA
Fri Jun 26, 2009
Hello Shapur and thanks for your question.

As always, agent Keith Sorem is my pick for "sharp pencil" this time. He is correct that you can work with as many buyers agents as you wish, but be prepared to disclose to all that you are working with other agents. For some agents, using multiple Realtors will mean that you become a "less desirable" client because your allegiances may truly be with another agent, so the effort expended by one agent may result in your taking the property to the agent you prefer. It can become a very sticky situation and very well may result in none of your agents providing you with the care or attention that might have garnered from the one agent you have selected to work with full time.

My suggestion is to contact several agents, interview them, and select the person with whom you trust, and feel knows your particular market the best.

Good luck!!

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty

Thumbs up to you, Keith--you make us all proud to be your colleagues!
0 votes
Andy Bencosme, Agent, Sierra Madre, CA
Fri Jun 26, 2009
You should really only work with one broker for as long as you are happy with their services. Only one agent is paid a commission for helping you find a home, so it really is not fair to use more than one without their knowledge. If you meet with several to interview that is fine. And if you work with one and their services are not satisfactory to you then you should switch, but knowing that only one will get paid for their work it is only fair to either choose one or work with multiple agents that are aware of what you are doing. A quality agent may not work with you under those conditions however.
0 votes
BOB Khalsa, Agent, Newhall, CA
Fri Jun 26, 2009
Hello Shapur:

It is advisable to work with one Broker after you have interviewed some and made your decision with care and due diligence. That would include verifying references and testimonials. The important thing is that you must be able to trust your Broker to look after your interests. This trust is not implicit and grows as you'll work together.

Bob Khalsa
Broker
United America Realty
661-313-6107
0 votes
Dorene Slavi…, Agent, Torrance, CA
Fri Jun 26, 2009
You should pick one excellent buyer agent to work with. Do not try to enlist more then one.
Web Reference:  http://www.doreneslavitz.com
0 votes
Search Advice
Search
Ask our community a question
Home Buying in Burbank Zip Codes

Email me when…

Learn more