Will you have to sign a contract to get the services of a buyer's representative? In Alaska, probably not, though market practices are always changing. Buyer's contracts are used more extensively in the Lower 48.
A buyer's contract is similar to the listing agreement a seller signs with the listing Realtor. It commits the licensee to providing a specified set of services to meet the buyer's goal of purchasing a home. It commits the buyer and the licensee to working with one another for a set period of time. Typically, there's a clause in the contract that authorizes the licensee to collect their commission from a seller. Like most contracts, it can be declared void by mutual consent.
If the person you've chosen to be your buyer's representative present a buyer's contract, don't be frightened off. Remember a contractual arrangement protects you because it commits the licensee to helping you achieve your goals. One fact of life of the real estate professional is sorting through potential clients to figure out who's worthy of your time and who isn't. Serious buyers who want to get the job done go to the top of the list. One way to find those is to offer a buyer's contract.
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