Common use of Unwritten Agreements Clause in Contracts

Unwritten Agreements. To make sure that you and the real estate firm have a clear understanding of what your relationship will be and what the firm will do for you, you may want to have a written agreement. However, some firms may be willing to represent and assist you for a time as a buyer’s agent without a written agreement. But if you decide to make an offer to purchase a particular property, the agent must obtain a written agency agreement. If you do not sign it, the agent can no longer represent and assist you and is no longer required to keep information about you confidential. Furthermore, if you later purchase the property through an agent with another firm, the agent who first showed you the property may seek compensation from the other firm. Be sure to read and understand any agency agreement before you sign it.

Unwritten Agreements. To make sure that you and the real estate firm firm have a clear understanding of what your relationship will be and what the firm firm will do for you, you may want to have a written agreement. However, some firms firms may be willing to represent and assist you for a time as a buyer’s buyerʼs agent without a written agreement. But if you decide to make an offer to purchase a particular property, the agent must obtain a written agency agreement. If you do not sign it, the agent can no longer represent and assist you and is no longer required to keep information about you confidentialconfidential. Furthermore, if you later purchase the property through an agent with another firmfirm, the agent who first first showed you the property may seek compensation from the other firmfirm. Be sure to read and understand any agency agreement agree- ment before you sign it.

Unwritten Agreements. To make sure that you and the real estate firm have a clear understanding of what your relationship will be and what the firm will do for you, you may want to have a written agreement. However, some firms may be willing to represent and assist you for a time as a buyer’s buyerʼs agent without a written agreement. But if you decide to make an offer to purchase a particular property, the agent must obtain a written agency agreement. If you do not sign it, the agent can no longer represent and assist you and is no longer required to keep information about you confidential. Furthermore, if you later purchase the property through an agent with another firm, the agent who first showed you the property may seek compensation from the other firm. Be sure to read and understand any agency agreement agree- ment before you sign it.