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Demystifying The
    Mystery
     of Buyer Agency
                        Agreements


              Matthew Rathbun, REALTOR®
      ABR, ABRM, AHWD,, CRB, CDPE, CSP, e-PRO, GREEN, GRI, SFR, SRS, SRES
                     EarthCraft and Eco-Broker Certified
                              Copyright© 2005-2012
Four Act Play
1                2
 Treasures


3               The Interview


                     4
The Agreement
                OVercome Objections
Act 1
   The Treasures
Reviewing The Benefits
Confidentiality of Offers

1:9 - Maintain Confidentiality

1:13 - Must Must Advise
  •Company Policy
  •Compensation Paid
  •Possibility of Dual Agency
  •Buyer’s Offer is not Confidential
1:15 - Realtors® must disclose the other offers and their
authors with permission of the Seller
Yep,
Its In there!
Benefits Of The Agreement
     Outlines                      Limits
       Mutual                       Role
   Responsibility        Defines
                         Loyalty

                             Required
   Ensures You’ve
Disclosed All That You        By Law
        Must

      Shows
   Evidence of
  Agreement and
   Disclosures
Act 2
     The Interview
Getting To Know One Another
Trust and Transparency First
    Signatures Come Second
You Have 2
      Ears
What
 Makes You
        Different ?
•   Military Family
•   Golfer
•   Waterfront Specialist
•   Second Home Specialist
•   Use of Technology
•   ABR Designee
•   ________________________
Presentations Keep You
            ON TRACK
What Do They Do When They See
                  That Perfect Home?
Before We Take Off...
     • Have you worked with
     another agent?

     • What are you looking for?

     • Why are you moving?

     • Are you qualified?

     • When did you last buy?

     • How did you find me?
How
               Texting

   Shall      Working

 We
               Hours

   Communicate?
  Digital
Signatures

       eMail

 Showing
  Times
Identify All The
       Decision Makers
Feedback Confidentiality
Coldwell Banker Elite
                                                                                      5444 Jefferson Davis Highway, Suite 100
                                                                                      Fredericksburg, Virginia 22407


Buyer Name:                                                                Property Address:                                       Date Viewed:




Showing Feedback Form


Home Features                                                                      Poor         Satisfactory    Good   Excellent     Appealing Features:


Curb Appeal

Neighborhood’s Desirability

Interior Layout

Interior Condition

Commute to Work

Purchasing Considerations

Likelihood of making an Offer                                                                                                         Undesirable Features:

Asking Price


Notes: __________________________________________________________________________________________________
________________________________________________________________________________________________________
________________________________________________________________________________________________________
________________________________________________________________________________________________________

If request by the Seller, may we share your feedback with the Listing Agent of this property?       Yes        No




                                                                       www.VAHomePlace.com
                                                                                                                                                   17
Act 3
  The Agreement
Putting It In Writing
Each Paragraph Is
  A Talking Point
Act 4
Overcoming Objections
   Drawing Conclusions
No Scripts, Just Understanding
• “I Don’t Want To Commit To Anything”

• “I Can’t Pay A Commission”

• “I’m Working With Another Agent”

• “The Other Agent Didn’t Make Me Sign”

• “I’ve Never Singed Before”
My Objection Is:


Their Objections Maybe:
www.TheAgentTrainer.com




 matthew@realtor.com

 Facebook.com/mattrathbun

 @mattrathbun                CE - 64432
                             PLE - 64433
  YouTube.com/MattRathbun1

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Real Estate Buyer Agency Agreements Presentation

  • 1. Demystifying The Mystery of Buyer Agency Agreements Matthew Rathbun, REALTOR® ABR, ABRM, AHWD,, CRB, CDPE, CSP, e-PRO, GREEN, GRI, SFR, SRS, SRES EarthCraft and Eco-Broker Certified Copyright© 2005-2012
  • 2. Four Act Play 1 2 Treasures 3 The Interview 4 The Agreement OVercome Objections
  • 3. Act 1 The Treasures Reviewing The Benefits
  • 4. Confidentiality of Offers 1:9 - Maintain Confidentiality 1:13 - Must Must Advise •Company Policy •Compensation Paid •Possibility of Dual Agency •Buyer’s Offer is not Confidential 1:15 - Realtors® must disclose the other offers and their authors with permission of the Seller
  • 6. Benefits Of The Agreement Outlines Limits Mutual Role Responsibility Defines Loyalty Required Ensures You’ve Disclosed All That You By Law Must Shows Evidence of Agreement and Disclosures
  • 7. Act 2 The Interview Getting To Know One Another
  • 8. Trust and Transparency First Signatures Come Second
  • 9. You Have 2 Ears
  • 10. What Makes You Different ? • Military Family • Golfer • Waterfront Specialist • Second Home Specialist • Use of Technology • ABR Designee • ________________________
  • 12. What Do They Do When They See That Perfect Home?
  • 13. Before We Take Off... • Have you worked with another agent? • What are you looking for? • Why are you moving? • Are you qualified? • When did you last buy? • How did you find me?
  • 14. How Texting Shall Working We Hours Communicate? Digital Signatures eMail Showing Times
  • 15. Identify All The Decision Makers
  • 17. Coldwell Banker Elite 5444 Jefferson Davis Highway, Suite 100 Fredericksburg, Virginia 22407 Buyer Name: Property Address: Date Viewed: Showing Feedback Form Home Features Poor Satisfactory Good Excellent Appealing Features: Curb Appeal Neighborhood’s Desirability Interior Layout Interior Condition Commute to Work Purchasing Considerations Likelihood of making an Offer Undesirable Features: Asking Price Notes: __________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ If request by the Seller, may we share your feedback with the Listing Agent of this property? Yes No www.VAHomePlace.com 17
  • 18. Act 3 The Agreement Putting It In Writing
  • 19. Each Paragraph Is A Talking Point
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  • 28. Act 4 Overcoming Objections Drawing Conclusions
  • 29. No Scripts, Just Understanding • “I Don’t Want To Commit To Anything” • “I Can’t Pay A Commission” • “I’m Working With Another Agent” • “The Other Agent Didn’t Make Me Sign” • “I’ve Never Singed Before”
  • 30. My Objection Is: Their Objections Maybe:
  • 31. www.TheAgentTrainer.com matthew@realtor.com Facebook.com/mattrathbun @mattrathbun CE - 64432 PLE - 64433 YouTube.com/MattRathbun1