Do I need a realtor when buying from a builder?

Every agent operates differently, I’m not saying anyone is jerking you around. My opinion as a realtor, but also as someone who bought their first home prior to becoming a realtor within the past few years, is the ideal situation for a buyer is to find an agent to represent them exclusively.

In my state that’s called “Exclusive right to represent”. My state also has what’s called “Exclusive Agency”. The difference basically is with the latter, if the buyer finds a place on their own, and goes through the process alone on that property, the agent doesn’t get paid. With the former the agent gets paid no matter what, and will be there to help guide you and negotiate your offer even if it’s a home you found on your own.

As a buyer you’re not paying the commission either way. The seller pays this. If you want an agent who’s going to travel, research properties in detail and generally go above and beyond for you - you’re more likely to find this if you’re willing to sign an agreement equivalent to the former example above in your state.

Both will be outlined to have a termination date so if it’s not working out you’re not stuck with them forever.

My state also has Open Agency which it sounds more like what you’re getting right now - buyer can work with as many agents or alone as they want, the agent who brings them a home they end up closing on gets paid.

Any ethical agent will treat you fairly and honestly in any of these arrangements. But, you have to expect the same amount of commitment back that you’re willing to give.

Talk to your two agents about this and what your options are. My state requires agents to disclose to prospective buyers and sellers detailed info on agency options at very first contact, and get written acknowledgment from the prospective buyer or seller. It’s weird that you weren’t told any of this if you’re as deep into this process as you say you are.

/r/FirstTimeHomeBuyer Thread Parent