The Real Estate Buyers Agent Contract is a crucial document used when a property buyer seeks professional representation in the United States real estate market. This agreement protects both parties' interests by clearly defining the agency relationship, responsibilities, and compensation structure. It's particularly important in today's complex real estate environment where clear professional boundaries and expectations must be established. The contract typically includes specific provisions for property search criteria, agent obligations, commission structures, and termination conditions, all while adhering to both federal and state-specific real estate regulations.
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1. Parties: Identifies the buyer and the real estate agent/brokerage
2. Background: Establishes context for the agreement and agent's qualifications
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Details of services the agent will provide
5. Term of Agreement: Duration of the agency relationship
6. Compensation: Commission structure and payment terms
7. Agent's Obligations: Duties and responsibilities of the agent
8. Client's Obligations: Duties and responsibilities of the buyer
9. Termination: Conditions and process for ending the agreement
1. Exclusivity Clause: Defines whether the relationship is exclusive, used when seeking exclusive representation
2. Property Specifications: Detailed criteria for property search, used when buyer has specific requirements
3. Dual Agency: Provisions for potential dual agency situations, used when agent might represent both parties
4. Virtual Services: Provisions for remote services, used when including virtual showings or services
1. Schedule A - Property Requirements: Detailed list of buyer's property requirements
2. Schedule B - Commission Structure: Detailed breakdown of commission calculations
3. Appendix 1 - Agency Disclosure Form: State-required agency relationship disclosure
4. Appendix 2 - Service Area Map: Geographic boundaries of agent's service area
Relevant legal definitions
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