If you’re in the home hunting process and working with an agent, you may have been asked to sign a Buyers Agency Contract (BAC). This contract essentially binds you to the agent you’re working with—that is, if you purchase a home during the term designated on the BAC, your agent is legally entitled to represent you.
Every real estate agency is different. Some agencies may ask you to sign right away, while others wait until you’re comfortable with your agent (like us!). We like to recommend you wait until you trust your agent and ensure that he/she is who you’d really like to work with. After all, you can only enter a Buyers Agency Contract with one agent at a time!
So what happens if you’ve signed a Buyers Agency Contract…but you don’t wish to work with your agent anymore? If you’re with an EveryHome agent, it’s easy! We offer 7-day “easy out” contracts, because we understand that situations change. But if you’re with a “big box” agency, it might be a little more difficult. The best thing to do would be to consult with your agent, or his or her broker.
If you have any further questions, we always like to suggest you consult an attorney. Happy Home Hunting!