How Do I Sign Texas Advertising Agreement Template

How do i document type sign advertising agreement template texas

hey guys today we're gonna be going over the information about brokerage services form and how to talk about the buyers representation form so as you can see on the screen I've got pulled up a information about brokers when first this is a pretty standard form I tell people that just you know doing business with a licensed real estate agent in the state of Texas we are required to go over this form and basically the three things that it says is that you know there's three ways we can represent you as an owner or seller and/or as a buyer tenant or as intermediary both and what I explain to people is that we we don't do intermediary in the sense that we're gonna represent somebody both the seller and the buyer in a single transaction what we do is it's called intermediary by appointments meaning that you know we may have the same brokerage but there'll always be two separate agents so that way there's never any kind of conflict of interests or anything like that that could come up and so you know both when you know you're speaking to a seller for a listing or you know with a buyer you're just gonna let them know that you know if for some reason they were interested in one of your properties that you may have listed that at that point you'd have to either continue representing the seller and you know hand them over to another agent in the brokerage or as you know or you can basically continue work with them as your buyer and then you'd hand over the seller to another agent in the brokerage level you could negotiate as completely separate parties and there'd never be a conflict of interest that's how I explain that it doesn't come up at all you know very often I've never actually had a situation like that come up in the years that I've been doing it but you know it's good to let people know that it builds a little bit of trust not letting them know that you know you're not gonna get them in a sticky situation so once you do that you're just gonna let them know exp Realty is the brokerage firm the broker is rock Dunnigan your license supervisor is Sheila Dunnigan and then your informations there your going to need to have both of your tires initial the form down below we have it done through DocuSign but a parent person you can definitely have them just hand initial it and then date the form and that's it that's your information about brokerage services usually that's pretty quick and easy then we'll jump over to the bodies representation agreement so you are gonna fill out their information out here if it's two parties you're gonna put both their names you know you might want to get their their address city state zip this is really just an internal document and so I mean you know if there's things you gotta cross out or sometimes I've added like what their birthdays are just randomly up here so that way when I take the phone back to my office I can update their information I mean it doesn't have to be completely you know to the letter or whatever you can kind of you know do what you need to do with it but you know get their phone numbers email addresses make sure you put your information down here so all the brokered information goes up above here and then put your phone number your email address and actually your brokerage just since we have our own physical office here in San Antonio we have that listed here but actually you'll want to check and see what the address is for exp Realty you know so that way you're using the right address down here what I'll end up doing is is basically skipping over I always kind of just say that it's a six month agreement but they can cancel it at any point in time you know they're not locked in or anything like that for some reason something changes in their life or if they just feel like they're you know need to do something different or not getting the service that they need they're more than welcome to cancel you know and break that term but just standard you put six months and that usually will ease their mind and get them to move on the next part is since I've already talked about intermediary and the information about broker services I just kind of point out that hey here's where it talks about in mediary status and you know what we do as far as you know handing over buyers or hanging over sellers so that we're not who presenting both confidential information so that's where I share with them that this is a by signing this agreement they are becoming a client of ours which means that we now have a fiduciary duty to them which means that anything like confidential information we will not share with anybody else unless that client gives us permission to do so and so we have their best interest at heart and you know we're do everything that we know possible to get them a fair deal and to you know explain everything to them all that good stuff so next part is brokers fees I do tell them that we do receive a 3% Commission that that Commission is paid by the seller and that they will not owe us any money now you will get some clients every now and then because it does say down here mines crossed out because this particular client was one of those types but if such persons refuse or we're failed to pay the broker the amount specified client will pay the broker the amount specified less any amounts the broker receives them from such persons that's like in an instance where maybe like you're trying to help them buy a for sale by owner or maybe a builder home or something along those lines and that seller is not willing to pay a commission well in that case it does typically give us the the permission to get that 3% from the buyers but but I just you know I basically have taken it upon myself to let them know that you know I'm never gonna come to the buyer for a commission I just won't do it and so you know if we happen to come across a home that I can't negotiate for you know the seller to pay my commission well then I've just worked for free basically I've not ever had that situation come up even in like a for sale by owner where maybe they're not advertising that they're gonna be paying a commission you can still if you bring a buyer most of the time let them know that hey I've got a buyer what you pay my commission they will and so I've never come across a situation where I haven't been able to get paid maybe in a situation you might get two and a half percent if the listing agents will offering two and a half percent versus three percent that happens sometimes but if that's the case I still wouldn't you know go after the buyer tell them they have to pay my extra half percent or anything like that so that's just a personal preference if you guys you know want to leave it you know the way it is and you know if they're gonna pay your commission the buyer then you know don't cross it out if you know even if even if you know that's the practice that you want I usually don't even cross this out most people just trust me and you know they don't make me cross it out I think this is probably the first time that I've actually had somebody cross it out but since it is I figured I would talk about it and let you know that if that's the case you know go ahead and do it just to make sure that you get initials by that particular area I do talk about the protection period just meaning that you know if for some reason what that is is if we were to show a property not to so to a client and they were to cancel their agreement with us because we you know do give me the ability to cancel that agreement up to 90 days after they canceled everyone at the end of going to purchase that property that we originally had showed them we can go back to the seller and request a commission and try and get paid for that property just because we were the procuring cause of it limitation liability just I usually cover that it's in bold and I'll say you know that's basically you know for you the client just make sure that you're safe when we're out there looking at properties you know you can't come to us if you were to get hurt or something along those lines you know a property and hold us liable for something like that so especially with kids things of that nature just make sure they're by your side you're always being careful over out there and then finally in the additional notices I just let them know that we do have to abide by fair housing laws and what that means is that you know we can't discriminate about different areas you know of town or if they ask us questions regarding anything about race color religion national origin sex disability familial status sexual orientation or gender identity that you know we can't answer any of those types of questions you know and that basically be up to them to you know do any kind of research if that was something that you know was important or they needed to know more about but we can't steer them in a certain direction or take them away from a neighborhood or anything along those lines based off of those types of protected classes so I do I do point that out I also point out this part on the receipt or letter C that says the broker is not a property inspector surveyor engineer environmental Assessor or compliance inspector and so what that basically means is they need to hire an inspection company and we will always recommend they get one no matter what the case is even if there's already one that done by the seller it's still good practice for the buyer to get their own in every situation and so you know you don't ever want to get caught up saying like oh you guys don't need an inspector or anything like that that can put you in a liable situation so we always will recommend it and let them know that we are not these types of people and so we always try and consult the professionals and that's it so really once I you know go over all that at that point you know I just ask them says you know everything sound good you guys have any questions most of the time there nope no questions I say grateful let's get this signed up and become one of our newest clients and I don't have them sign it and then of course you have to sign it and then we'll file that with exp so and then you want to keep this for your records as well that's it that's how you do a buyer's rep pretty short and sweet it should take you you know 5-10 minutes to explain it once