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CHICAGO ASSOCIATION OF REALTORS? EXCLUSIVE BUYER BROKER AGREEMENT Rev. 01/2012 1 2 3 4 5 6 7 1. BROKER. This Exclusive Buyer-Broker Agreement (Agree me t”) is entered into by and between (Book r”)
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An exclusive buyer-broker agreement is a legal contract between a buyer and a real estate agent, specifying that the agent represents only the buyer in a real estate transaction.
The buyer is required to file the exclusive buyer-broker agreement with their chosen real estate agent.
To fill out an exclusive buyer-broker agreement, the buyer and the real estate agent must provide their personal information, property specifications, terms of the agreement, and any additional conditions or clauses.
The purpose of an exclusive buyer-broker agreement is to establish a professional relationship between the buyer and the real estate agent, outlining the agent's responsibilities, the buyer's obligations, and ensuring that the agent will be compensated for their services.
An exclusive buyer-broker agreement typically includes the names and contact information of the buyer and the agent, property details, duration of the agreement, agreed commission or fee, and terms of cooperation.
The specific deadline to file an exclusive buyer-broker agreement in 2023 may vary depending on local regulations and individual agreements. It is recommended to consult with the real estate agent or legal counsel for accurate information.
The penalties for the late filing of an exclusive buyer-broker agreement can vary by jurisdiction and the terms outlined in the agreement. It is advisable to refer to the agreement itself or consult with legal professionals for precise details.
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