At our Compass sales meeting the other day, I took the stage alongside top agents to delve into a crucial aspect of real estate: the Buyer Representation Broker Compensation Agreement. You may have heard the recent headlines about agency for buyers and how real estate commissions work. A signed representation and compensation agreement between buyers and their agents is a game-changer in ensuring transparency and professionalism in the home-buying journey:

🕒 Duration & Geography Defined: It clearly outlines the length of our partnership and the specific geography we’ll be exploring together. No guesswork, just targeted, efficient home hunting.

🤝 Roles & Responsibilities: The Agreement lays out what you can expect from me as your buyer agent, as well as our brokerage responsibilities. I’m here to guide, advise, and support you every step of the way. My fiduciary responsibility means your interests come first, and my work is rooted in loyalty, confidentiality, transparency and disclosure, acting lawfully according to my client’s wishes, reasonable care and diligence, and handling all information and documents with care and safety. I abide by fair housing laws, state and federal law, and I uphold the high ethical standards of my brokerage, Compass, as well as those of the real estate industry and its professional associations.

💰 Commission Clarity: The Agreement underscores an opportunity for us to discuss real estate commissions and how they are negotiated by both the seller and buyer, and what your options are. Understanding how the buyer and seller brokerage(s) is compensated means no surprises for you.

🔐 Exclusive Representation: Like a VIP pass, this agreement ensures you get my undivided attention and exclusive representation, focusing solely on your best interests.

🏠 Professional Parity: If sellers sign a listing agreement for their protection, why shouldn’t you enjoy the same level of professional care? This agreement is your assurance of my commitment to you.

🤝 Isn’t it time we formalize our buyer-agent relationship, just like you would when entrusting an agent with selling your home? Let’s put your best interests in writing. 📝