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BUYER DESIGNATED BROKERAGE AGREEMENT Approved by the Nova Scotia Real Estate Commission for use by Industry Members under the Real Estate Trading Act Trademarks are owned and controlled by The Canadian
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How to fill out buyer designated brokerage agreement

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How to fill out a buyer designated brokerage agreement:

01
Begin by obtaining a copy of the buyer designated brokerage agreement form from a reputable real estate agency or legal service provider.
02
Fill out the buyer's information section, including their full name, contact information, and any other required details such as their address or social security number.
03
Provide the name and contact information of the designated broker who will be representing the buyer in the real estate transaction.
04
Specify the duration of the agreement by indicating the start and end dates. This could be a specific time period or until the completion of a particular real estate transaction.
05
Outline any specific terms or conditions that both the buyer and designated broker must comply with during the agreement. This may include the obligations of the designated broker, the buyer's obligations, or any limitations on the designated broker's authority.
06
Include any additional provisions or addendums that pertain to the particular circumstances of the real estate transaction, such as a contingency clause or specific property requirements.
07
Review the filled-out agreement thoroughly to ensure accuracy and make any necessary corrections.
08
Sign and date the agreement, along with any required witness signatures.
09
Provide a copy of the fully completed and signed agreement to both the buyer and the designated broker.
10
Retain a copy of the agreement for your records.

Who needs a buyer designated brokerage agreement?

01
Homebuyers who are seeking representation from a specific real estate agent or broker throughout the buying process may choose to enter into a buyer designated brokerage agreement.
02
Buyers who prefer a personalized and dedicated approach to their real estate transactions may find value in having a designated broker advocate for their interests.
03
Buyers who want to ensure that their designated broker is working exclusively on their behalf rather than representing both buyers and sellers in the same transaction may opt for a buyer designated brokerage agreement.
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A buyer designated brokerage agreement is a contract between a buyer and a real estate broker that designates the broker as the exclusive agent for the buyer.
The buyer and the real estate broker are required to file the buyer designated brokerage agreement.
The buyer and the real estate broker must fill out the agreement with all necessary information, including the buyer's contact information, the broker's contact information, and the terms of the agreement.
The purpose of the buyer designated brokerage agreement is to establish a formal relationship between the buyer and the broker, outlining the broker's duties and responsibilities to the buyer.
The buyer designated brokerage agreement must include the buyer's name, contact information, the broker's name and contact information, the property being considered for purchase, and any agreed-upon terms and conditions.
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