Johnson City TN Home Specialist

Buyer Agency - I remember when...

Now that buyer agency is almost universal and taken for granted, it's too late to write one of the chapters of the history that I was part of.   I was one of the "pioneers" in this movement in the early 1980s. Or to use another analogy, I was one of the rebels in this revolution, back when all agents represented all sellers and the buyers had no legal allies. We lived in interesting times.  

Declaration of Equal Service
Bill of Rights for Buyers and Sellers
These two documents were part of the history of buyer agency - statements of principles of the Single Agency Realty Association, one of the first national buyer agency groups in the early 1980s.   I drafted the documents and eventually there were signatures from agents from all over the country.  

It's not that long ago, that this was controversial, but I often talk to relatively new agents who have no idea that agents have not always had the options we take for granted - to represent either the buyers or the sellers, or to work as facilitators or transaction brokers.    They find it hard to realize that there was a time when agents who were open about being on the buyer's side in many parts of the country couldn't use the lockboxes, couldn't count on commission sharing, and were otherwise discriminated against.    Agency disclosure to buyers and sellers and property condition disclosures were other parts of this movement.   As with the other equal rights movement, much of what we take for granted was not always that way.  

I recently came across a list of the agents from across the country who came to the first "convention" of Single Agency Realty Associates in Rockville, Maryland.   I've meant to find out where they all are now and see what they remember about "the olden days."      What do you remember?   I know acceptance of this "equal rights" movement in real estate was easier in some areas than in others, but there are some interesting tales to tell.    If you've been in real estate for a few years, what are your memories?

 

Mary Sheridan, KELLER WILLIAMS REALTY

Mary Sheridan423-943-7655  Direct
Mary@TNTriCitiesHomes.com
www.TNTriCitiesHomes.com

Johnson City, TN area -including
Jonesborough, Kingsport, Bristol, Elizabethton.   
(Washington, Carter and Sullivan Counties)

Let's talk about what you want and how I can help
.

Comment balloon 5 commentsMary Sheridan • February 16 2009 09:19PM
Buyer Agency - I remember when…
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Now that buyer agency is almost universal and taken for granted, it's too late to write one of the chapters of the history that I was part of. I was one of the "pioneers" in this movement in the early 1980s. Or to use another analogy, I… more