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Massachusetts law prohibits a real estate broker or salesperson from representing or negotiating on behalf of a buyer unless a buyer has an agreement (either written or verbal) to allow the broker

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What is buyer broker agreement?

A buyer broker agreement is a contract between a buyer and a real estate broker that establishes the terms and conditions of the buyer's representation.

Who is required to file buyer broker agreement?

Buyers who wish to work with a real estate broker to assist them with the home buying process are required to file a buyer broker agreement.

How to fill out buyer broker agreement?

To fill out a buyer broker agreement, the buyer and the broker must agree on the terms of representation, including the broker's commission, the duration of the agreement, and any other applicable terms.

What is the purpose of buyer broker agreement?

The purpose of a buyer broker agreement is to establish a formal relationship between the buyer and the broker, outlining the rights and responsibilities of both parties during the home buying process.

What information must be reported on buyer broker agreement?

The buyer broker agreement must include the names of the buyer and the broker, the terms of representation, the commission structure, and any other relevant details related to the home buying process.

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