What Home Buyers Should Understand About Procuring Cause

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When you think of buying a house, it's easy to focus on actually getting a house and not be mindful of other things that will get you to your goal, such as protocols surrounding how you treat your real estate agent. When you get an agent, even if the seller pays their commission, you still typically sign a broker's agreements. This agreement means that you are acknowledging that you are responsible for the payment of the commissions because the payment will come from what you will pay the seller, even if it is the seller who will pay the agent from the proceeds of the sale.

This means that you should not go off meeting one agent after another in your search for a home to buy. Let's say that you want to buy North Park real estate. It's not good for you to contact different real estate agents as you go around looking at North Park homes for sale because this would cause the agents to go into a dispute about the commission, should you end up buying a home.

When resolving commission dispute, the procuring cause is considered. This means that the agent who caused the agent to buy the house is going to be considered the procuring cause agent. At times it causes an issue if you inadvertently asked a different agent to show you a house, then a different agent to help you with neogtiations and closing. To avoid this kind of hassle on your part and on the part of your agent, here are a few suggestions you can follow:

1. Read and understand the broker's agreement before you sign it - Most agents these days will want to make you sign a broker's agreement. Make sure you read and understand it and if you want some things included in the contract, make sure you voice it out and have it changed before you sign it. For example, if you want to know under what conditions you are allowed to be released from the contract, ask your agent. Make sure that's clear in the contract as well.

2. Volunteer the information - When looking at properties online or through newspaper ads, you'll often encounter agents who will offer to help. It's better to volunteer the information that you already have an agent rather than wait for the agent to ask you because sometimes they will, sometimes they will not.

3. Let your agent do his / her job - If you see a property that you like, call your agent to contact the listing agent and ask about the property. If you want to go to an open house, take your agent with you and let him / her ask the questions you want to ask about the house. Do not call the listing agent and ask for information because this may be interpreted that you're asking the agent to represent you. Let your agent proceed with the negotiations and work the system for you.

4. Follow open house protocols if you go without your agent - Make sure you have your agent's business card and hand it to the host of the open house. If you sign the guestbook, put your agent's name beside yours. Again, volunteer the information that you are already being represented by somebody.

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Source by Nancy T Middletown