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Exclusive Buyer Agency Contract Broker: Broker's Address: Client: Client's Address: 1. PURPOSE Client has employed the services of Broker to assist Client in purchasing real estate, as more particularly

How to fill out exclusive buyer agency contract

How to fill out an exclusive buyer agency contract:

1. Start by obtaining a copy of the exclusive buyer agency contract from your real estate agent or brokerage.
2. Read the contract thoroughly to understand its terms and conditions. Pay attention to the duration of the contract, the responsibilities of both parties, and any specific clauses relating to price, contingencies, or commissions.
3. Fill in the necessary personal information, such as your name, address, and contact details. Ensure that all information provided is accurate and up to date.
4. Specify the duration of the contract, which typically ranges from a few months to a year. Make sure you select a timeframe that aligns with your home buying plans.
5. Indicate your preferences and requirements for the property you are seeking to purchase. This may include details regarding location, size, amenities, and budget.
6. Clearly outline the scope of the real estate agent or brokerage's representation. This should include their responsibilities, such as searching for suitable properties, negotiating on your behalf, and providing guidance throughout the buying process.
7. Consider including any additional provisions or contingencies that are important to you. For example, if you require a specific financing arrangement or need to sell your current home before purchasing a new one, make sure to include these details in the contract.
8. Review the compensation terms and ensure that you are comfortable with the agreed-upon commission or fee structure. This is typically paid by the seller's agent and shared between the buyer's agent and the brokerage.
9. Carefully read through the entire contract once again to ensure all information is correct and complete. Seek legal advice if needed to fully understand the implications of the contract and to protect your interests.
10. Sign and date the contract, and request a copy for your records.

Who needs an exclusive buyer agency contract?

1. Homebuyers who want dedicated representation throughout the buying process may benefit from an exclusive buyer agency contract.
2. First-time homebuyers who may lack experience or knowledge in purchasing real estate can benefit from the guidance and expertise of a dedicated buyer's agent.
3. Buyers who wish to have someone solely representing their interests during property showings, negotiations, and all other aspects of buying a home will find value in an exclusive buyer agency contract.
4. Buyers who want help navigating the complexities of the real estate market, including access to off-market listings and assistance with inspections, appraisals, and paperwork, should consider an exclusive buyer agency contract.
5. Buyers who want to ensure that their agent is working solely on their behalf and not representing the interests of the seller can benefit from the exclusivity provided by an exclusive buyer agency contract.

For pdfFiller’s FAQs

What is exclusive buyer agency contract?

Exclusive buyer agency contract is a legal agreement between a buyer and a real estate agent where the agent exclusively represents the buyer in real estate transactions.

Who is required to file exclusive buyer agency contract?

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

How to fill out exclusive buyer agency contract?

To fill out an exclusive buyer agency contract, both parties must agree to the terms and conditions outlined in the contract and sign it.

What is the purpose of exclusive buyer agency contract?

The purpose of the exclusive buyer agency contract is to establish a formal agreement between the buyer and the real estate agent for representation in real estate transactions.

What information must be reported on exclusive buyer agency contract?

The exclusive buyer agency contract must include the names of the buyer and the real estate agent, the terms of the agreement, the duration of the contract, and the commission structure.

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