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Is there a VA law that requires a buyer to sign a contract with an agent before the agent can help?

An agent said that a contract needed to be signed before he could help or show homes for a prospective buyer.  Is that accurate?
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July 18 - US
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Answers (5)

As far as I know there isn't any law about that. I'm currently in escrow with a VA buyer and I have not had to sign any such contract. Like the others have posted, most agents have you sign an Agency Relationship form that states what our duties as a real estate agent are to you. I do like the example that Craig gave about working all week and not getting paid, that does happen all of the time. Hopefully if you are unhappy with your agent about something you have open communication with them and voice your feelings to them before just going with a new agent. Good luck!
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July 21
No way Jose!
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July 21
Absolutely not. Typically Agents will want to have their clients sign a Buyers/Broker Agreement so they can lock you into a deal. If we lenders tired to pull that one...that would be ugly!
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July 21
I don't know Va laws,

But , the ABR sale pitch below is a bit long winded, so here is mine.
 
The agent may be asking you to sign a Buyer rep which is an agreement that spells out what services they will provide you, what they will and not do and how much compensation they expect.

Now since the over whelming majority of agents are independent contractors (they DO NOT work for a broker, we're just managed by them) if the agent requires a contract then read it and either accept it, or move on to another agent.
 
..besides don't you want a written agreement for services? Just be careful how far out it is dated.
 
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July 19
I don't belive there is any LAW but the agent is likely asking you to enter into a Buyers Representation Agreement.  This is to your benefit.  I am a ABR Accredited Buyers Representative meaning I represent Buyers in an exclusive relationship with loyalty and fiduciary duties.  95% of agents are transaction agents, meaning they represent the transaction, not you.
Sellers have a contract with their agent, and buyers should as well. 

This contract also protects the agent.  We work very hard for our clients, and entitled to get paid for what we do.  Think of it this way.  Lets say you worked all week at your job, and at the end of the week, your boss fired you and don't get paid either.  Well that happens to Realtors everyday. 

There is more liability on agents working as Single Agent, but my clients appreciate my expertise and loyalty.

Unfortunately most Realtors do a horrible job explaining their role to new clients.

Good luck.
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July 18
 
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