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The Buyer's Representation Agreement is a crucial document in U.S. real estate transactions that formalizes the professional 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 details the agent's duties, including property search, market analysis, negotiation support, and transaction coordination. The document includes state-specific requirements and federal compliance elements, making it essential for protecting both parties' interests. The agreement specifies the geographic area of the search, duration of representation, commission structure, and any exclusive rights granted to the agent. It's particularly important in competitive real estate markets where clear representation terms can be crucial for successful property acquisition.

1. Parties: Identification of the buyer(s) and the real estate brokerage/agent, including contact details and licensing information

2. Background: Brief context explaining the purpose of the agreement and the buyer's intention to engage the agent's services

3. Definitions: Key terms used throughout the agreement including 'Property', 'Territory', 'Exclusive Period', and 'Commission'

4. Appointment and Authorization: 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 renewal provisions

6. Agent's Obligations: Detailed list of services the agent agrees to provide, including property search, negotiations, and advisory services

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

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

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

10. Confidentiality: Protection of confidential information shared during the relationship

11. Dispute Resolution: Process for handling disagreements, including mediation or arbitration provisions

12. General Provisions: Standard legal clauses including governing law, entire agreement, and amendments