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BR BUSINESS RELATIONSHIP BETWEEN BROKER AND BUYER This form recommended and approved for, but not restricted to use by, members of the Pennsylvania Association of REALTORS (PAR). BROKER (Company)
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How to fill out between broker and buyer

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How to fill out between broker and buyer:

01
Ensure all necessary information is provided: The broker and buyer should provide their full names, contact information, and any other relevant details requested on the form.
02
Specify the property details: Include the address of the property being bought or sold, the agreed-upon purchase price, and any special terms or conditions that have been negotiated.
03
Outline the broker's role: Clearly state the responsibilities and obligations of the broker in the transaction, including any commission or fees involved.
04
Discuss buyer's requirements: Outline the specific requirements and preferences of the buyer, such as desired location, property type, size, and any other relevant factors.
05
Determine broker's obligations: Specify the actions the broker is expected to take in order to find suitable properties for the buyer, such as conducting market research, arranging property viewings, and facilitating negotiations.
06
Address buyer's obligations: Outline the responsibilities of the buyer, such as providing accurate information about their financial situation, cooperating with the broker's efforts, and timely decision-making.
07
Include terms and conditions: Outline any legal terms and conditions that both parties must adhere to during the buying process, such as disclosure requirements, contingencies, and dispute resolution mechanisms.
08
Signatures and date: Ensure that both the broker and the buyer sign the document to indicate their agreement to the terms outlined in the form.

Who needs between broker and buyer?

Both the broker and the buyer are the parties involved in the process of filling out the form. The broker needs it to clarify their role, responsibilities, and obligations in assisting the buyer with finding suitable properties and facilitating the buying process. On the other hand, the buyer needs the form to outline their specific requirements, expectations, and any financial or personal preferences that the broker should take into account when searching for properties. This form helps establish clear communication and a mutual understanding between the broker and the buyer, ensuring a smoother and more efficient buying experience.
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The agreement between a broker and a buyer.
The broker is required to file the agreement.
The agreement must be filled out with all relevant information and signed by both parties.
The purpose is to outline the terms of the agreement between the broker and the buyer.
Information such as the property address, sales price, and any contingencies must be reported.
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