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Why am I asked to sign a document just to look at a house?

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01/13/2015 | Author: Legal Staff

I want to buy a house, but every time I contact a real estate agent to see a property, he or she asks me to sign some representation agreement. Why do I have to sign this long document just to walk around a house?

That long document is the Residential Buyer/Tenant Representation Agreement. It’s a written agreement between you, the client, and the real estate broker that spells out the terms of the broker’s representation—how he or she will assist you and work in your best interests—and how the broker will be paid. You can still be represented without a written agreement; however, as with any business arrangement, it benefits both parties to put things in writing.

The agreement can be in effect for any amount of time, from a few hours to many months or longer. So, if you’re leery of a long-term arrangement, sign the agreement for a short period and see how it goes. You and the broker can always agree to amend the end date.

Have a question about buying, sell, or leasing property in Texas? Ask us. Not all submitted questions will be answered.

Categories: Buyers
Tags: buyer's representation, buyers, legal

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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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