Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
Kra5hnburn
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Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
We went to an open house Saturday, it was very busy so we didn't really speak to anyone when we walked in. They told everyone to sign the sign in sheet when we came in, like we've done at every other open house for months. Our realtor had told us to go check the place out because she couldn't take us around. We came back to her and put in a bid. The sellers agent yelled that because we came in and signed the sheet, we're her buyer and our agent was trying to get in on her comission. I didn't think that sheet meant anything other than to get a headcount and call you back to nag you about the house later. Does that sheet mean anything else or is in any way binding????
Blu-ize
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Re: Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
No it doesn't. The agents have to work that out for themselves. The only downside is that if you are not working with the listing agent, he/she can make it hard for your agent to gain access and put a bid in. It's not legal or ethical, but it's done all the time.
You didn't hire them as a buyers broker. Also the sheet didn't say that you can't have another agent sell you the house. The only agreement that you will sign will be with your agent and that if any house that he/she shows you that you want to buy, you will have to go through him/her. A sign in sheet is just that, it's not a legally binding document.
MissMelissa
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Re: Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
not at all, it means u were at the open house, that's it
sophie78
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Re: Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
I think it does except if you indicate that you are working with another broker on the sheet. My dad acted as my agent. So when I went to open houses I wrote it down if the house was on multiple. If the person saw the house without writing it down, they can;t buy the house for three months afterward. (or something like that).
The sheet serves a few purposes. It is a way for the agent to get your info. It also proves to the seller how the successful the open house was. In addition, it is evidence if the seller tries to screw the broker out of their commission.
sophie78
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Re: Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
Posted by Blu-ize
No it doesn't. The agents have to work that out for themselves. The only downside is that if you are not working with the listing agent, he/she can make it hard for your agent to gain access and put a bid in. It's not legal or ethical, but it's done all the time.
You didn't hire them as a buyers broker. Also the sheet didn't say that you can't have another agent sell you the house. The only agreement that you will sign will be with your agent and that if any house that he/she shows you that you want to buy, you will have to go through him/her. A sign in sheet is just that, it's not a legally binding document.
You are actually kind of wrong. Remember the buyers agent actually works for the seller. The seller is also the one in charge of paying the commission. So the seller is the one who has agreed to pay the commission. So the sign in sheet isn't binding because the agreement has already been worked out with the seller.
Sasha96
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Re: Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
whenever we went to open houses our agent (my aunt) always had us give the seller's agent a card to mention that she was our agent and that we would show ourselves around, not have her show us the house, unless the house was an exclusive or fsbo.
Blu-ize
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Re: Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
Posted by am470
Posted by Blu-ize
No it doesn't. The agents have to work that out for themselves. The only downside is that if you are not working with the listing agent, he/she can make it hard for your agent to gain access and put a bid in. It's not legal or ethical, but it's done all the time.
You didn't hire them as a buyers broker. Also the sheet didn't say that you can't have another agent sell you the house. The only agreement that you will sign will be with your agent and that if any house that he/she shows you that you want to buy, you will have to go through him/her. A sign in sheet is just that, it's not a legally binding document.
You are actually kind of wrong. Remember the buyers agent actually works for the seller. The seller is also the one in charge of paying the commission. So the seller is the one who has agreed to pay the commission. So the sign in sheet isn't binding because the agreement has already been worked out with the seller.
The buyers agent does not work for the seller. A buyer's agent gets paid by the buyer. If you do not hire a buyers agent then your agent is working for the seller. Not many people hire a buyer's agent. Most people think that because the broker or agent you are working with is showing you homes and giving you some sort of advice, that they are working for you the buyer. They are not. They are 100% for the seller and when you work with them you sign a contract that states that you understand that.
DjPiLL
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Re: Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
Posted by Kra5hnburn
We went to an open house Saturday, it was very busy so we didn't really speak to anyone when we walked in. They told everyone to sign the sign in sheet when we came in, like we've done at every other open house for months. Our realtor had told us to go check the place out because she couldn't take us around. We came back to her and put in a bid. The sellers agent yelled that because we came in and signed the sheet, we're her buyer and our agent was trying to get in on her comission. I didn't think that sheet meant anything other than to get a headcount and call you back to nag you about the house later. Does that sheet mean anything else or is in any way binding????
Read the fine print of the sign in sheet. I have signed a few that actually say you are obligated to use the seller's agent as dual-agent by signing the sheet.
Most do not have this though... but some do. NEVER put your signature to ANYTHING unless you read over what you are signing (especially the print in very SMALL type).
BethGail
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Re: Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
i worked with a buyers agent, and yes, he gets paid by the seller, but he was really working for the comission of the house he was going to find ME and there for indirectly working for ME.
butterfly20
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Re: Does signing the sign in sheet at an open house in any way indicate that you are going to use the sellers realtor?
in a house sale the person who show's the buyer the house is actually the sellers subagent---- paid by the seller AND is working to get the seller the highest price.......UNLESS the buyer Hires a 'buyer broker/agent' in which you sign a contract the and pay the agent a commision or have it stated that the commision is to be taken from seller proceeds written into your offer/contract..then the buyer broker can take the buyer to exclusive listings and for sale by owners......
