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TOMLINSON WASHINGTON ADDENDUM TO BUYER REPRESENTATION AGREEMENT This Addendum is entered (Effective Date) and amends the Buyer Representation Agreement (Representation Agreement) entered between the

How to fill out addendum to buyer representation

How to Fill Out Addendum to Buyer Representation:

1. Gather all necessary information: Before starting to fill out the addendum, gather all the relevant information that needs to be included. This may include the buyer's name, address, contact information, and any other pertinent details.
2. Review the original buyer representation agreement: Familiarize yourself with the original buyer representation agreement to understand the terms and conditions that were initially agreed upon. This will help you determine the necessary changes or additions that need to be made in the addendum.
3. Identify the changes or additional terms: Determine what changes or additional terms you want to include in the addendum. This could be anything from extending the agreement timeline to modifying the commission structure or adding specific conditions that should be met.
4. Clearly state the changes or additional terms: Write down the changes or additional terms in clear and concise language. Make sure that the addendum accurately reflects the intended modifications and avoids any confusion or ambiguity.
5. Include the effective date: Specify the effective date of the addendum. This is important to establish when the changes or additional terms will come into effect.
6. Seek legal advice, if necessary: If you are uncertain about any aspect of the addendum or if it involves complex legal issues, it is advisable to seek legal advice. An attorney can help ensure that the addendum is legally binding and in compliance with local laws and regulations.

Who needs an addendum to buyer representation?

An addendum to a buyer representation agreement may be needed in various situations, including:

1. Requested changes: If the buyer or the buyer's agent wishes to modify or add specific terms to the original agreement, an addendum may be necessary to document these changes.
2. Extension of agreement: If the buyer wants to extend the duration of the buyer representation agreement beyond the originally agreed upon period, an addendum can be used to formalize this extension.
3. Change in commission structure: If there is a change in the agreed-upon commission structure, such as altering the percentage or introducing new conditions, an addendum can outline these changes.
4. Additional conditions or contingencies: If there are additional conditions or contingencies that both parties agree to include in the buyer representation agreement, an addendum can be used to specify these terms.

It is important to consult with a real estate professional or legal advisor to determine if an addendum is necessary in a specific situation and to properly draft and execute it.

For pdfFiller’s FAQs

What is addendum to buyer representation?

An addendum to buyer representation is a document that amends or supplements a buyer representation agreement.

Who is required to file addendum to buyer representation?

The buyer's agent or representative is required to file the addendum to buyer representation.

How to fill out addendum to buyer representation?

The addendum to buyer representation should be filled out by completing all necessary fields and signing where indicated.

What is the purpose of addendum to buyer representation?

The purpose of the addendum to buyer representation is to make changes or additions to the original buyer representation agreement.

What information must be reported on addendum to buyer representation?

The addendum to buyer representation must include the specific changes or additions being made to the original agreement.

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