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Auto Fill Save Reset EXCLUSIVE BUYER AGENCY AGREEMENT I/WE Purchaser/Buyer (herein referred to as Buyer) do hereby grant to Broker the sole and exclusive right to represent the Buyer upon the terms

How to fill out exclusive buyer agency agreement

How to fill out an exclusive buyer agency agreement:

1. Gather the necessary information: Before you start filling out the agreement, make sure you have all the required information handy. This includes your name, contact information, desired property details, and any specific requirements or preferences you may have.
2. Read the agreement thoroughly: Take the time to carefully read through the entire exclusive buyer agency agreement. Understand its clauses, terms, and conditions. If you have any questions or concerns, don't hesitate to seek clarification from the real estate agent or attorney involved in the process.
3. Provide your personal details: Begin by filling in your personal details accurately. This includes your full legal name, address, phone number, and email address. Double-check the information before moving on to the next section.
4. Specify the scope of the agreement: In this section, clearly outline the duration of the agreement, including the start and end dates. Additionally, state whether it is an exclusive or non-exclusive agreement. If you opt for an exclusive agreement, remember that you will only work with one real estate agent during this period.
5. Describe your property preferences: This is where you can list your preferred property type, location, size, and any specific features or amenities you desire. The more details you provide, the better your agent can understand your needs.
6. State the agent's commission: In this section, outline the commission structure agreed upon with the agent. Specify whether the commission will be paid by you, the buyer, or by the seller, and indicate the percentage or flat fee amount.
7. Indicate any additional terms: If there are any additional terms or conditions that both parties have agreed upon, such as contingencies or special requests, make sure to include them in this section.
8. Sign and date the agreement: Once you have completed all the necessary sections, carefully review the agreement one last time. If everything looks accurate, sign and date the document. The agent or broker will also sign the agreement to indicate their acceptance and commitment.

Who needs an exclusive buyer agency agreement?

1. Homebuyers who want dedicated representation: An exclusive buyer agency agreement is beneficial for buyers who want a real estate agent to work exclusively on their behalf. This ensures that the agent has a fiduciary duty to act in the best interests of the buyer throughout the homebuying process.
2. Buyers looking for personalized assistance: If you prefer a more personalized and tailored approach to finding your dream home, an exclusive buyer agency agreement can provide you with the attention and support you need. With this agreement, your agent can fully concentrate on your specific preferences and requirements.
3. Individuals seeking professional negotiation skills: Negotiating the best deal when buying a property requires expertise and experience. By signing an exclusive buyer agency agreement, you can leverage the negotiation skills of a qualified real estate professional who is solely dedicated to representing your interests.
4. Buyers interested in streamlining the process: With an exclusive buyer agency agreement, you can streamline the homebuying process. Having a committed agent by your side not only saves time but also ensures that you receive prompt and personalized assistance throughout every stage of the transaction.

Remember, it is always recommended to consult with an attorney or real estate professional before signing any legal agreement to ensure that you fully understand its implications and protections.

For pdfFiller’s FAQs

What is exclusive buyer agency agreement?

Exclusive buyer agency agreement is a contract between a buyer and a real estate agent that gives the agent the exclusive right to represent the buyer in purchasing a property.

Who is required to file exclusive buyer agency agreement?

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

How to fill out exclusive buyer agency agreement?

To fill out the exclusive buyer agency agreement, both parties must include their personal information, property details, terms of the agreement, and signatures.

What is the purpose of exclusive buyer agency agreement?

The purpose of exclusive buyer agency agreement is to establish a formal relationship between the buyer and the real estate agent, outlining the agent's duties and responsibilities.

What information must be reported on exclusive buyer agency agreement?

The exclusive buyer agency agreement must include details of the property being purchased, the buyer's contact information, the agent's contact information, and the terms of the agreement.

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