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TM EXCLUSIVE BUYER BROKERAGE AGREEMENT 2002 Printing State law prohibits Broker from representing Buyer as a client without first entering into a written agreement with Buyer under O.C.G.A. 10-6A-1

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How to fill out buyers agency agreement

How to fill out a buyers agency agreement?

01

Read the agreement thoroughly: Begin by carefully reading the buyers agency agreement to understand its terms and conditions. It is crucial to have a clear understanding of your rights and responsibilities as a buyer, as well as those of the agent.

02

Identify the parties involved: Fill out all the necessary information about yourself and the real estate agent or agency representing you in the agreement. This includes your full legal name, address, and contact details, as well as the agent's or agency's name, address, and contact information.

03

Specify the scope of representation: Determine the extent to which you want the agent to represent you. This includes indicating whether you want them to exclusively represent you or if you are hiring multiple agents. If you are employing multiple agents, it is essential to clarify their roles and responsibilities to avoid any potential conflicts.

04

Outline the property criteria: Clearly communicate your preferences and the specific criteria you are looking for in a property. This includes aspects such as the location, size, features, and any other desired specifications. Being as detailed as possible will help the agent in finding properties that match your requirements.

05

Determine the commission structure: Discuss and establish the agreed-upon commission structure with your agent. This typically includes a percentage or a flat fee that the agent will be entitled to upon successfully helping you purchase a property. Make sure this aspect is clearly outlined and agreed upon by both parties.

Who needs a buyers agency agreement?

01

First-time homebuyers: Buyers who are new to the process of purchasing a home can greatly benefit from having a buyers agency agreement. It ensures they have professional guidance and representation throughout the entire process, from property search to closing.

02

Real estate investors: Individuals or companies who invest in real estate properties can benefit from a buyers agency agreement to ensure they receive specialized assistance that aligns with their investment goals. The agreement can outline specific criteria for the types of properties they are interested in and any unique requirements they may have.

03

Buyers seeking exclusive representation: If you prefer to have an agent solely focused on representing your best interests, a buyers agency agreement is essential. This agreement establishes a legally binding relationship between you and the agent, ensuring they prioritize your needs and negotiate on your behalf.

Overall, a buyers agency agreement is beneficial for any buyer who desires professional assistance, guidance, and exclusive representation in their property search and purchase process. It helps protect their interests and ensures a smoother and more efficient real estate experience.

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What is buyers agency agreement?

A buyers agency agreement is a contract in which a real estate agent represents the buyer in a real estate transaction.

Who is required to file buyers agency agreement?

The buyer and the real estate agent are required to file the buyers agency agreement.

How to fill out buyers agency agreement?

Buyers agency agreement can be filled out by providing details of the buyer and the real estate agent, terms of agreement, and signatures of both parties.

What is the purpose of buyers agency agreement?

The purpose of buyers agency agreement is to establish a legal relationship between the buyer and the real estate agent for representation in a real estate transaction.

What information must be reported on buyers agency agreement?

Buyers agency agreement must include names of the parties, property address, terms of agreement, commission details, and signatures of both parties.

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