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Show Page THE DAILY HERALD, Home Magazine, Friday, February 10, 1995 4 Buyer's agency contracts are common in Utah I'm trying to buy a house in Q: Provo, but every time I talk to a real estate agent he wants me to sign a contract to represent me as a buyer. My cousin, who is an attorney, says I shouldn't sign the contract because it locks me into working with one agent. Can you explain buyer representation from your point of view? A: What you're speaking of is a buyer's agency contract. It's interesting your cousin would advise against signing such a contract. As I recall, every time I've hired an attorney to work for me I've had to sign a contract agreement. If the tables were turned I'm sure you would be doing yourself a disservice if you used several attorneys to help you solve the same problem. You must remember that when you approach a real estate agent who has listed a home that strikes your fancy, that agent is not working for you. He or she is working for the seller. If you want to buy that home that agent is obligated to perform for the seller, not you. Buying (or even selling) a home without a real estate agent to help you is, for many people, like act ing as your own attorney in court. Realtors are highly trained to help you with the legal problems of buying and selling property. The buyer's agency contract is enforceable, according to a state law that went into effect over a year ago. Rodger Hardy xS On The Market Because of that law, buyer's agency contracts are common in Utah. Many brokers require that their agents not work for a buyer unless he or she signs one. TOEir Planned These contracts are not to be feared, but they are to be respected. Typically, you will not pay for the agent's services it's the seller who pays. However, if you sign that contract and then fail to involve the agent in your purchase you could end up paying his or her commission. Enjoy the winters in the peaceful setting of this unique free community. Beautiful homes with snow removal leaves you to enjoy the company of relatives and friends. $ -I- Vwsix: ... our on-s- uc SALES OFFICE , 975 North nit 1001 Amenran Fork, LtaL 7566226 rJ iCESARY .:L. .. 4t 9 m URGENT DODHILS Unit Development A When you sign the contract you take on certain responsibilities. A major one is your obligation to tell other real estate agents you may come across in your search for property that you are under con The problem stems from the question of loyalty. For example, a realtor could spend many hours with you, helping you find a home, educating you about the market ensure a win-wi- n situation. Rodger L. Hardy is a licensed agent with Century 21 Bushnell Courtesy, Orem. tract with another agent. The contract keeps everything above board particularly the question of who is representing who and helps and negotiating for you in your purchase. But if you, in the meantime, found another property and purchased it without involving that agent, all that work would have been for nothing without a buyer's agency contract. I IS A Miff lifflil J I M UAIIIF I noacTiPanv MMEDIATE SALE-- REDUCED k W V WTO 298 North State, Orem 222-944- NEW Brand new brick rambler, 3 car fantastic master suite will finish to suite, 4 bth, luxury. Come by today. Sandy HOME! rrage, Ikrhlcrrj 9 "MYSTERY HOUSE"Whal surprises this gorgeous home holds, 4 bdrm, 2 full bths, office, extra Ig entertainers kitchen, brck fncng, $134,-901 Mantyn Davidson 4 Terry 4,640 sq. ft. 6 bedroom study 3 baths 2 Beautiful country kitchen wfireplace Timberline insert Formal dining music room Hardwood floors fine woodwork throughout Unique lighting and decorating 3 laundry rooms 3 fireplaces 2 kitchens Intercom system Granite hearth w antique mantel Open flowing floor plan 2 furnaces 2 water heaters Excellent use of storage space 12 acre lot Swimming poo! w automatic cover Hot tub half-bat- hrdwd Art ( U cabs VM NE EOGEMONT-Nedngs, 4 bd, 2 ba, 2 car gar, new carpets 1 fri Loca:ion. You've gotta see tnis, caJ Bads it or EUREKA Garth 7 - ALL BRICK-ORE- RAMBLE - 3 bdrm home tor only 130,000 Cal D4T RE or t Ig frml hrdwd. dining room ft lam rms, new crpts Won't last. Owner anxious, tor prvt showing 7 8 or Bsckie Brand new dupku. 550 W 920 S in PROVO Provo Open Saturday noon to 4 3 bd possibly 4 6 To see by appointment cal Sandy per side. 9449 D4T RE or Dave (DLPHFJ Sauna Automatic Sprinkler Mature landscaping Block walled yard Patios & decks Basketball court Storage sheds 4 'x 32 2 car garage shop Ctorrvenient location near Rec. Center Within easy walking distance to: Grade school Junior high High school UVSC MDira SATURDAY & SUNDAY jjlp? I " 627 S. 630 W., OREM in By Appointment During V mmmmmmmmmmm - 10AM TO 5PM Spedalist'No down payment8uy up to 20S.0Low 8 rales on homes under $102.-00or Garth Ask us howM Call Sandy 9449 D4T RE A tuMLUL mLDAr " mire 224-666- 9 The Week cdkiie Margie Tom HftSff - f: |