Understanding your Buyer Representation Agreement.

Original article via Huffington Post. Click here to read.

There’s nothing like the humdrum of paperwork to bog down the excitement of a house hunt. But much like opening a new bank account or purchasing a car, buying a home comes with its fair share of contracts to sign and legalese to decode.

Arguably the first contract that comes into play for buyers is a Buyer Representation Agreement (commonly abbreviated to BRA).

A BRA is a legally binding contract that puts in writing that you will work exclusively with one real-estate brokerage for a certain amount of time. So, why would you sign a BRA as a buyer and what do you need to be aware of before putting your name on the dotted line?

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