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NONEXCLUSIVE BUYER REPRESENTATION AGREEMENT (Customized) This document has been prepared by Ohio REALTORS and is for the use of its members only. 1 2 3 4 5 6 7This is a legally binding agreement establishing
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A non-exclusive buyer representation agreement is a contract between a buyer and a real estate agent that establishes the agent's role in representing the buyer's interests in a property transaction. Unlike exclusive agreements, this type allows the buyer to work with multiple agents simultaneously.
In most cases, real estate agents or brokers who are representing buyers in property transactions are required to file a non-exclusive buyer representation agreement.
To fill out a non-exclusive buyer representation agreement, provide the buyer's details, the agent's details, the terms of representation, the duration of the agreement, and any specific terms or conditions agreed upon by both parties.
The purpose of a non-exclusive buyer representation agreement is to clarify the relationship between the buyer and agent, define the responsibilities of the agent, and protect the buyer's interests during the property search and transaction process.
The information that must be reported includes the names and contact information of the buyer and agent, property preferences, terms of engagement, and the duration of the agreement.
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