Why you should not walk into an open house or presale centre alone
It feels harmless: you are driving past, you see the sign, you walk in. But signing the guest sheet can decide who gets paid.
Presale and new construction
Developers and builders typically pay a buyer's agent only if the agent is with you, or registered for you, at your first visit. Many registration forms state this in fine print. Visit alone and register, and the builder may decline to pay a commission later, leaving nothing to rebate.
Resale open houses
Less strict, but still messy. The listing agent may treat you as their lead. In BC, they cannot represent you as a buyer. In Florida, you may face pressure to use them.
How to do it right
- Text your agent before you go; most will register you on the spot.
- At the door, say you have an agent and give their name.
- Do not sign anything beyond a guest sheet.