Buyer Representation Agreement
A contract establishing the agency relationship between a buyer and their agent, including compensation terms, duties, and the scope of representation.
When Its Used
Required to be signed before an agent shows properties or provides services to a buyer. Must be in place before writing an offer.
Key Sections
Scope of representation; Compensation structure; Duration of agreement; Duties of agent and buyer; Cancellation terms; Disclosure of agency relationship
Common Mistakes
Not executing before showing properties; Unclear compensation terms; Missing signatures from all buyers; Incorrect duration dates; Not addressing what happens if seller doesn't offer compensation
Pro Tip
Discuss compensation openly with buyers before touring homes. Explain how compensation may be negotiated as part of the offer. Keep a signed copy for your records.
