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Exclusive Buyer Agency Agreement Form for the United Kingdom

Exclusive Buyer Agency Agreement Form Template for United States

An Exclusive Buyer Agency Agreement Form is a legally binding contract used in the United States real estate market that establishes an exclusive relationship between a buyer and a real estate agent/broker. The agreement outlines the agent's duties to represent the buyer's interests exclusively in property transactions, defines compensation terms, and specifies the duration of the relationship. It includes state-specific provisions and complies with federal real estate regulations.

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What is a Exclusive Buyer Agency Agreement Form?

The Exclusive Buyer Agency Agreement Form is essential in modern U.S. real estate transactions to formalize the relationship between buyers and their representatives. This document protects both parties by clearly defining roles, responsibilities, and compensation structures. It's particularly important in competitive markets where having dedicated representation is crucial. The agreement ensures compliance with state-specific real estate laws and federal regulations while providing clear guidelines for the entire property search and acquisition process. It typically includes provisions for property preferences, geographic limitations, and termination conditions.

What sections should be included in a Exclusive Buyer Agency Agreement Form?

1. Parties: Identification of the buyer and real estate agent/broker

2. Background: Context of the agreement and general purpose

3. Definitions: Key terms used throughout the agreement

4. Scope of Agency: Detailed description of services to be provided by agent

5. Duration: Term of the agreement, including start and end dates

6. Compensation: Commission structure and payment terms

7. Agent's Obligations: Specific duties and responsibilities of the agent

8. Buyer's Obligations: Responsibilities and commitments of the buyer

9. Termination: Conditions and process for ending the agreement

What sections are optional to include in a Exclusive Buyer Agency Agreement Form?

1. Dual Agency Provisions: Terms regarding potential dual representation when state law permits dual agency

2. Property Preferences: Specific criteria for desired property when buyer has specific requirements

3. Market Area: Geographic scope of property search when focusing on specific regions

4. Alternative Dispute Resolution: Mediation and arbitration provisions when parties prefer alternatives to litigation

What schedules should be included in a Exclusive Buyer Agency Agreement Form?

1. Agency Disclosure Form: State-mandated agency relationship disclosure

2. Commission Schedule: Detailed breakdown of compensation structure

3. Property Requirements Checklist: Detailed list of buyer's property preferences

4. Fair Housing Notice: Required fair housing disclosures

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

United States

Publisher

Ƶ

Document Type

Agency Agreement

Cost

Free to use
Clauses






























Industries

RESPA: Real Estate Settlement Procedures Act - Federal law governing real estate transactions, requiring disclosure of settlement costs and prohibiting kickbacks

Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, familial status, or disability

ADA: Americans with Disabilities Act - Federal law ensuring equal access and preventing discrimination against individuals with disabilities

TILA: Truth in Lending Act - Federal law requiring disclosure of credit terms and standardizing the manner in which costs associated with borrowing are calculated and disclosed

ECOA: Equal Credit Opportunity Act - Federal law prohibiting discrimination in credit transactions, including real estate financing

State Real Estate Licensing Laws: State-specific regulations governing real estate professional licensing, responsibilities, and conduct requirements

State Agency Disclosure Requirements: State-mandated rules for disclosing agency relationships between real estate professionals and their clients

State Buyer Representation Regulations: Specific state laws governing how real estate agents can represent buyers and their required duties

State Contract Law: General contract law principles and requirements specific to each state that affect real estate agreements

State Consumer Protection Laws: State-specific laws designed to protect consumers in real estate transactions from unfair or deceptive practices

NAR Code of Ethics: National Association of REALTORSยฎ professional standards and ethical requirements for member agents

State Real Estate Commission Rules: Regulatory requirements set by state real estate commissions governing agent conduct and transactions

Local Real Estate Board Requirements: Specific rules and standards set by local real estate boards that agents must follow

ESIGN Act: Federal law governing the validity of electronic signatures in real estate transactions and other documents

Dual Agency Provisions: Laws and regulations governing situations where an agent represents both buyer and seller in a transaction

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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