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TRANSACTION BROKERAGE AGREEMENT For use with Buyer and Seller Designated Brokerage Agreements Approved by the Nova Scotia Real Estate Commission for use by Industry Members under the Real Estate Trading

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How to fill out transaction brokerage agreement

01

Begin by carefully reading the transaction brokerage agreement form. Familiarize yourself with its sections and clauses to understand the terms and conditions involved.

02

Provide your personal information accurately in the designated fields. This typically includes your name, contact details, and any relevant identification numbers or licenses.

03

Indicate the name of the brokerage firm or agent with whom you are entering into the agreement. This ensures clarity and specifies the party responsible for representing your interests in the transaction.

04

Describe the specific property or properties that will be included in the agreement. Include any relevant details such as addresses, legal descriptions, or parcel numbers to avoid confusion.

05

Outline the duration of the agreement, specifying the start and end dates. This ensures both parties understand the timeframe in which the brokerage services will be provided.

06

Determine the compensation structure for the brokerage services. This may include a fixed fee, a percentage of the transaction value, or other agreed-upon terms. Ensure that this section clearly defines how and when the payment will be made.

07

List any additional terms or conditions that may be applicable to your specific transaction. This could include specific instructions, limitations, or any other agreements reached between you and the brokerage firm.

08

Finally, carefully review the completed transaction brokerage agreement before signing it. Make sure that all the information provided is accurate and that you understand the terms outlined in the agreement.

09

Any individual or party involved in a real estate transaction, such as buyers, sellers, or investors, may need a transaction brokerage agreement. This agreement serves to protect the interests of all parties involved and helps establish clear expectations and obligations during the transaction process.

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What is transaction brokerage agreement?

A transaction brokerage agreement is a contract between a real estate agent and a client, where the agent agrees to represent the client in buying or selling a property.

Who is required to file transaction brokerage agreement?

Real estate agents are required to file transaction brokerage agreements with their clients.

How to fill out transaction brokerage agreement?

To fill out a transaction brokerage agreement, both the agent and client must agree on the terms and conditions of the agreement, including the scope of representation and any fees involved.

What is the purpose of transaction brokerage agreement?

The purpose of a transaction brokerage agreement is to establish a formal relationship between the real estate agent and client, outlining the agent's responsibilities and obligations.

What information must be reported on transaction brokerage agreement?

A transaction brokerage agreement must include details of the property being bought or sold, the parties involved, the terms of the agreement, and any other relevant information.

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