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Buyer Agent Commission Agreement Generator for the USA

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Key Requirements PROMPT example:

Buyer Agent Commission Agreement

"I need a Buyer Agent Commission Agreement for a luxury residential property search in Miami, Florida, with a 2.5% commission rate and dual agency prohibited, effective from March 1, 2025, with a six-month term."

Document background
The Buyer Agent Commission Agreement is a critical document in U.S. real estate transactions that formalizes the relationship between a property buyer and their chosen real estate agent. This agreement is typically used when a buyer wants dedicated representation in their property search and purchase process, ensuring their interests are protected throughout the transaction. The document includes essential elements such as the scope of the agent's services, commission structure, duration of representation, and specific terms governing the relationship. It must comply with both federal real estate regulations and state-specific requirements, which can vary by jurisdiction. The agreement helps prevent misunderstandings about compensation and responsibilities while providing legal protection for all parties involved.
Suggested Sections

1. Parties: Identifies the buyer and the real estate agent/brokerage firm, including full legal names 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', 'Closing', etc.

4. Appointment and Authority: Formal appointment of the agent and scope of authority granted by the buyer

5. Term of Agreement: Duration of the agreement, including start and end dates, and any automatic renewal provisions

6. Agent's Duties and Responsibilities: Detailed list of services the agent will provide to the buyer

7. Buyer's Obligations: Buyer's commitments, including working exclusively with the agent and providing necessary information

8. Commission Structure: Details of commission rate, calculation method, and payment terms

9. Commission Payment Conditions: Specific circumstances under which commission becomes payable

10. Termination: Conditions and process for ending the agreement, including any early termination fees

11. Dispute Resolution: Process for handling disagreements between parties

12. Governing Law: Specification of applicable state law governing the agreement

13. Signatures: Execution block for all parties to sign and date the agreement

Optional Sections

1. Protection Period: Defines a period after agreement termination during which commission may still be payable - include when standard in the jurisdiction

2. Dual Agency Consent: Authorization for agent to represent both buyer and seller - include when dual agency is permitted and possible

3. Team Representation: Details of multiple agents working with the buyer - include when a team approach is used

4. Virtual Services: Provisions for remote services and digital communications - include when significant virtual interactions are expected

5. Commission Rebate Terms: Details of any commission sharing or rebate to buyer - include when offering commission rebates

6. Property Type Restrictions: Specific limitations on property types covered - include when agreement is limited to certain property types

Suggested Schedules

1. Schedule A - Commission Rate Structure: Detailed breakdown of commission rates for different property types or price ranges

2. Schedule B - Scope of Services: Comprehensive list of services included in the agreement

3. Schedule C - Agency Disclosure Form: State-mandated agency relationship disclosure document

4. Schedule D - Buyer's Requirements: Detailed list of buyer's preferred property characteristics and requirements

5. Appendix 1 - State-Specific Disclosures: Required state-specific forms and disclosures

6. Appendix 2 - Wire Fraud Advisory: Warning and procedures regarding wire transfer security

Authors

Alex Denne

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

Relevant legal definitions

























Clauses

























Relevant Industries

Residential Real Estate

Commercial Real Estate

Real Estate Services

Professional Services

Legal Services

Property Management

Real Estate Investment

Relevant Teams

Legal

Real Estate Operations

Sales

Compliance

Contract Administration

Business Development

Transaction Processing

Risk Management

Relevant Roles

Real Estate Agent

Real Estate Broker

Real Estate Attorney

Legal Counsel

Compliance Officer

Real Estate Transaction Coordinator

Contract Administrator

Property Manager

Real Estate Investment Manager

Real Estate Operations Manager

Business Development Manager

Sales Director

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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