Get the free Buyer Agency Agreement Non-Exclusive 2006 REV 01-01-06 FINALdoc

NOTE: The Missouri Real Estate Commission requires that an agent must have a signed, written, buyers agency agreement in order for the agent to act as the buyer's agent. See RSM Section 339.780(3)

How to fill out buyer agency agreement non-exclusive

How to fill out a buyer agency agreement non-exclusive:

1. Read the agreement thoroughly: Take the time to carefully review the entire buyer agency agreement non-exclusive before filling it out. Understand the terms, conditions, and responsibilities outlined in the document.
2. Provide personal information: Fill in your personal details accurately, including your full name, address, contact information, and any other requested information. Make sure to double-check for any errors or missing information.
3. Specify the property criteria: Indicate your specific property requirements and preferences. This section may include details such as the desired location, size, price range, amenities, and any other specific criteria you have in mind.
4. Agree to the duration: Determine the duration of the agreement. It is essential to establish the start and end date of the agency relationship explicitly. This timeframe can vary, and it usually depends on mutual agreement between the buyer and the real estate agent.
5. Understand agency representation: Determine the nature of the agency relationship. In a non-exclusive buyer agency agreement, you will still have the freedom to work with other real estate agents and pursue properties on your own. Ensure that the agreement reflects this non-exclusive nature clearly.
6. Acknowledge compensation terms: Discuss and agree upon the compensation arrangement with the real estate agent. It is essential to understand how the agent will be paid and any specific terms related to commissions or fees.
7. Review and sign: Read through the completed buyer agency agreement non-exclusive carefully. Make sure all the information is accurate and that you fully understand the terms outlined in the agreement. Once satisfied, sign the document and have the real estate agent or their representative sign it as well.

Who needs a buyer agency agreement non-exclusive?

1. Homebuyers who want flexibility: A buyer agency agreement non-exclusive is ideal for individuals who desire the freedom and flexibility to work with multiple real estate agents, explore various properties, or potentially negotiate different deals simultaneously.
2. Buyers exploring multiple options: If you are actively searching for a property and want access to a broad range of resources, a non-exclusive agreement allows you to work with multiple agents who can provide different opportunities and assistance.
3. Buyers with specific needs: Having unique property requirements or preferences might require engaging with multiple agents specialized in different areas or property types. A non-exclusive agreement ensures you have access to a wider pool of resources tailored to your specific needs.

It is always recommended to consult with legal counsel or a qualified real estate professional when completing any legal agreements to ensure compliance with local laws and regulations.

For pdfFiller’s FAQs

What is buyer agency agreement non-exclusive?

A buyer agency agreement non-exclusive is a contract between a buyer and a real estate agent that allows the buyer to work with multiple agents and only pay commission to the agent who ultimately helps them purchase a property.

Who is required to file buyer agency agreement non-exclusive?

Buyers who wish to work with multiple real estate agents and have the option to choose from a larger pool of properties are required to file a buyer agency agreement non-exclusive.

How to fill out buyer agency agreement non-exclusive?

To fill out a buyer agency agreement non-exclusive, the buyer must provide their contact information, desired property criteria, commission agreement, and any specific terms or conditions.

What is the purpose of buyer agency agreement non-exclusive?

The purpose of a buyer agency agreement non-exclusive is to establish a working relationship between the buyer and the real estate agent, allowing the buyer to have more options and flexibility in their property search.

What information must be reported on buyer agency agreement non-exclusive?

The buyer agency agreement non-exclusive must include the buyer's contact information, commission agreement, property criteria, and any specific terms or conditions agreed upon by both parties.

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