Personal Service Agreement Real Estate

As a real estate professional, it`s important to protect your interests, and one of the best ways to do so is by using a personal service agreement (PSA). A PSA is a legally binding agreement between you and your client that outlines the terms and conditions of your working relationship.

Here`s how a PSA can benefit you as a real estate agent:

1. Defines the Scope of Work

A PSA outlines the specific services you`ll provide to your client. This includes things like property searches, market analysis, negotiations, and transaction support. By defining the scope of work up front, you and your client will have a clear understanding of what to expect from each other.

2. Sets Expectations

In addition to defining the scope of work, a PSA can also set expectations around communication, timelines, and fees. This helps to avoid any misunderstandings or miscommunications throughout the transaction.

3. Protects Your Commission

A PSA can also include a commission protection clause, which ensures that you`ll receive your commission even if the client decides to work with another agent. This can be especially important in a competitive market where clients may be tempted to shop around for the best deal.

4. Demonstrates Professionalism

By using a PSA, you`re demonstrating your professionalism and commitment to providing excellent service to your clients. This can help to build trust and credibility with your clients, leading to more referrals and repeat business.

As you can see, a personal service agreement can be an essential tool for real estate professionals. By defining the scope of work, setting expectations, protecting your commission, and demonstrating professionalism, you`ll be able to provide the best possible service to your clients while protecting your interests.

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