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Real Estate Agent Buyer Agreement for Canada

Real Estate Agent Buyer Agreement Template for Canada

A legally binding agreement used in Canadian jurisdictions that establishes a formal relationship between a real estate buyer and their chosen real estate agent or brokerage. The document outlines the terms of representation, including the agent's duties, commission structure, geographic scope of the search, and duration of the relationship. It complies with provincial real estate regulations and includes necessary consumer protection provisions, privacy commitments, and agency relationship disclosures. The agreement serves as the foundation for the buyer-agent relationship throughout the property search and acquisition process.

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What is a Real Estate Agent Buyer Agreement?

The Real Estate Agent Buyer Agreement is a crucial document in Canadian real estate transactions that formalizes the relationship between a property buyer and their chosen real estate agent or brokerage. This agreement is typically used at the beginning of the property search process, before any specific property is identified. It outlines the agent's commitment to represent the buyer's interests, details the scope of services to be provided, and specifies the terms of compensation. The document must comply with provincial real estate regulations, as real estate is regulated at the provincial level in Canada. It includes essential elements such as the duration of the agreement, geographic limitations, property type specifications, and commission structures. This agreement provides legal protection for both parties and clarity regarding their respective rights and obligations throughout the property search and acquisition process.

What sections should be included in a Real Estate Agent Buyer Agreement?

1. Parties: Identification of the buyer(s) and the real estate brokerage/agent, including full legal names, addresses, and contact information

2. Background: Brief context explaining the purpose of the agreement - buyer seeking representation in purchasing real estate

3. Definitions: Key terms used throughout the agreement including 'Property', 'Commission', 'Listing Price', 'Buyer', 'Brokerage', etc.

4. Appointment and Authority: Formal appointment of the brokerage/agent as the buyer's representative and scope of authority granted

5. Term of Agreement: Start date and duration of the agreement, including any automatic renewal provisions

6. Services to be Provided: Detailed description of services the agent will provide, including property search, viewings, negotiations, etc.

7. Geographic Location and Property Type: Specific areas and types of properties covered under the agreement

8. Commission and Payment Terms: Structure and rates of commission, payment terms, and conditions for commission becoming payable

9. Buyer's Obligations: Responsibilities and commitments of the buyer during the agreement term

10. Agent's Obligations: Duties and responsibilities of the agent, including fiduciary duties and service standards

11. Termination: Conditions and process for terminating the agreement by either party

12. Confidentiality: Provisions regarding handling of confidential information and personal data

13. Dispute Resolution: Process for handling disagreements between parties

14. General Provisions: Standard clauses including entire agreement, amendments, governing law, etc.

What sections are optional to include in a Real Estate Agent Buyer Agreement?

1. Multiple Representation: Required when the brokerage may represent both buyer and seller in a transaction

2. Team Representation: Used when multiple agents within the brokerage may serve the buyer

3. Buyer's Acknowledgment of Dual Agency: Required in jurisdictions where dual agency is permitted and may occur

4. International Buyer Provisions: Additional clauses for non-resident buyers regarding tax implications and foreign buyer regulations

5. Property Management Services: Optional section if the agent will also provide property management services post-purchase

6. Digital Services Agreement: Terms regarding use of digital platforms and virtual services if prominently featured in the service offering

What schedules should be included in a Real Estate Agent Buyer Agreement?

1. Schedule A - Commission Structure: Detailed breakdown of commission rates, scenarios, and calculation methods

2. Schedule B - Buyer's Requirements: Specific criteria and preferences for property search including location, price range, features

3. Schedule C - Service Package Details: Comprehensive list of services included in the agreement

4. Appendix 1 - Agency Disclosure: Mandatory disclosure form explaining agency relationships as required by provincial regulations

5. Appendix 2 - Privacy Policy: Detailed privacy policy and consent for handling personal information

6. Appendix 3 - Identification Verification: Form for recording buyer identification details as required by anti-money laundering regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Publisher

Ƶ

Document Type

Agency Agreement

Cost

Free to use
Relevant legal definitions




































Clauses






























Relevant Industries

Real Estate

Property Management

Financial Services

Legal Services

Property Development

Real Estate Investment

Property Insurance

Relevant Teams

Legal

Compliance

Real Estate Operations

Risk Management

Contract Administration

Property Management

Transaction Processing

Client Services

Document Management

Relevant Roles

Real Estate Agent

Real Estate Broker

Brokerage Manager

Real Estate Lawyer

Compliance Officer

Property Manager

Real Estate Investment Advisor

Contract Administrator

Legal Counsel

Risk Manager

Real Estate Operations Manager

Transaction Coordinator

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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