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This legally binding agreement establishes a non-exclusive agency relationship between Buyer and Brokerage. Learn your rights and responsibilities in real estate transactions.
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How to fill out non-exclusive buyer representation agreement
How to fill out non-exclusive buyer representation agreement
01
Begin by downloading the non-exclusive buyer representation agreement template from a reliable source.
02
Fill in your personal information, including your name, address, phone number, and email at the top of the document.
03
Provide the name, address, and contact information of the real estate agent or agency you are working with.
04
Specify the type of property you are interested in purchasing, including any specific requirements or preferences.
05
Outline the duration of the agreement, including start and end dates.
06
Detail any responsibilities of both the buyer and the agent within the agreement.
07
Review any commission fees that may be applicable and clearly state how they will be handled.
08
Read through the entire document to ensure all information is accurate and clear.
09
Sign and date the agreement, and ensure the agent does the same.
10
Keep a copy of the signed agreement for your records.
Who needs non-exclusive buyer representation agreement?
01
Individuals looking to purchase real estate who want to establish a formal relationship with a real estate agent.
02
Buyers seeking dedicated representation in the home-buying process without exclusivity.
03
Those who may want to work with multiple agents while still receiving professional support.
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What is non-exclusive buyer representation agreement?
A non-exclusive buyer representation agreement is a contract between a buyer and a real estate agent or broker, where the buyer agrees to work with the agent to find a property, but the buyer is not restricted from working with other agents.
Who is required to file non-exclusive buyer representation agreement?
Typically, real estate agents or brokers who represent buyers in property transactions may be required to file a non-exclusive buyer representation agreement.
How to fill out non-exclusive buyer representation agreement?
To fill out a non-exclusive buyer representation agreement, provide the buyer's and agent's information, define the scope of the representation, outline the terms and conditions, and include any relevant dates and signatures.
What is the purpose of non-exclusive buyer representation agreement?
The purpose of a non-exclusive buyer representation agreement is to establish a formal relationship between the buyer and the agent, detailing the agent's responsibilities while allowing the buyer the flexibility to seek assistance from multiple agents.
What information must be reported on non-exclusive buyer representation agreement?
The agreement typically must include the buyer's name, agent's name, property preferences, terms of the arrangement, duration of the agreement, and signatures of both parties.
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