What is a typical action for a buyer's agent after their client’s offer has been accepted?

When a buyer's agent has their client's offer accepted, one of their primary responsibilities is to facilitate the transaction process in accordance with the accepted offer. Providing the option fee to the listing agent is a typical immediate action that solidifies the buyer's commitment to the contract and secures their right to further pursue the purchase. This fee can also grant the buyer a period during which they can conduct due diligence on the property.

This action is important as it shows good faith and initiates the formal procedures that follow an accepted offer, such as inspections and closing preparations. The option fee is especially crucial in markets where an option period is standard practice, allowing buyers to evaluate the property without fully committing to the purchase until they are satisfied.

In contrast, canceling the existing contract would not be a meaningful step after acceptance; guiding the seller through the closing process is more typically the responsibility of the seller’s agent; and changing the offer terms after acceptance could undermine the agreement and lead to complications. Each of these alternatives does not align with the expected duties of a buyer’s agent right after an offer acceptance, further underscoring the importance of providing the option fee as the appropriate step.