Registering Clients at Subdivisions

Here are some quick reminders…

 

Anytime you are taking your clients to a new home subdivision/builder remember that:

1.       Before they purchase, they must sign our Subdivision – Confirmation of Non-Real Estate Agent Relationship Disclosure, which is found in London Forms and attached hereto

2.       Simply register your buyer with the builder

3.       If the builder provides you any builder/broker agreement to sign, please do not sign but rather bring back for your manager’s review

4.       Many builder/broker agreements call for or imply an agency relationship between us and the buyer and this is not the case – we are acting in the capacity of a Referring Broker only and will not have any agency relationship with the buyer

5.       Be certain to know the period of time that the “registration” for your buyer is valid.  Most builders are now putting a 30 day limit on the registration of your buyer.  This means that if they don’t buy in the first 30 days, but continue to look at other properties with you and then go back to the builder at some later date, you will not get your referral fee.  Either get an extension on this limited time frame from the builder (in writing) at the time of registration, or schedule your calendar to contact the builder and re-register your buyer prior to the expiration date.

 

Please stay up on all of our subdivisions and what builders are offering.  We need to consider them as part of our “inventory” and make sure that you’re registering your buyers whenever possible – even when they assure you that they don’t want to buy new construction.

 
Good luck!!