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This addendum outlines the agency relationships between buyers and sellers in a real estate transaction, specifying the roles of agents, fee agreements, and the provision for dual agency situations.

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How to fill out buyer agency addendum

01

Start by downloading the buyer agency addendum form from your local real estate board or association.

02

Fill in the date at the top of the form.

03

Enter your name and contact information in the designated fields.

04

Provide the names and contact information of any co-buyers, if applicable.

05

Specify the property address and other identifying details of the property you are interested in.

06

Clearly outline the terms of the buyer agency relationship, including the duration and the commission structure.

07

Sign and date the addendum at the designated places.

08

Make copies for your records and provide a copy to your real estate agent.

Who needs buyer agency addendum?

01

Any homebuyer who wishes to establish a formal relationship with a real estate agent to receive assistance in purchasing a property.

02

Investors looking to buy multiple properties may also require a buyer agency addendum.

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What is buyer agency addendum?

The buyer agency addendum is a document that outlines the relationship between a buyer and their real estate agent. It specifies the duties and responsibilities of the agent in helping the buyer purchase a property.

Who is required to file buyer agency addendum?

The buyer is typically required to file the buyer agency addendum along with their real estate agent to establish formal representation.

How to fill out buyer agency addendum?

To fill out the buyer agency addendum, provide the buyer's and agent's information, specify the terms of the agency agreement, including duration and commission rates, and sign the document to acknowledge agreement.

What is the purpose of buyer agency addendum?

The purpose of the buyer agency addendum is to formalize the representation agreement between the buyer and the real estate agent, ensuring that the agent acts in the best interest of the buyer during the property purchasing process.

What information must be reported on buyer agency addendum?

The buyer agency addendum must report the names of the buyer and agent, the description of the property, the duration of the agency relationship, commission details, and any other terms agreed upon.

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