Buyer Agency contracts have become the norm in the State of Illinois. You already know that to sell a home, you sign a Seller’s Agreement. With all of the changes in real estate, Illinois has now provided a Buyer Agency Agreement which is used to represent buyers. Basically, as a buyer, you have the same rights that a seller does – we already provide sellers with marketing, presentation and negotiation, right? As a buyer, you need to know that you have the same right to hire an exclusive agent to represent your best interests in the transaction. The seller does pay the fee, but if you were to call the listing agent or developer directly or meet with them at an open house, their responsibility will be to the seller. You need to be represented! And you need someone in the know. So, the state is now offering exclusive buyer representation – and our clients are excited to know that means we will work exclusively for them!
Email triciafox@triciafoxgroup.com for a copy of the new agreement.
