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This document serves as a consumer guide to understanding agency relationships in real estate transactions, specifically focusing on the roles of agents and brokers when representing buyers and sellers. It outlines the duties owed to clients, the concept of dual agency, and provides important legal information regarding fair housing practices.

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What is exclusive buyer agency only?

Exclusive buyer agency only is a contractual agreement between a buyer and a real estate broker that establishes the broker as the sole representative of the buyer in property transactions, ensuring that the broker advocates for the buyer's interests exclusively.

Who is required to file exclusive buyer agency only?

Real estate brokers and agents who represent buyers exclusively in real estate transactions are required to file exclusive buyer agency only agreements to formalize the relationship and duties to the buyer.

How to fill out exclusive buyer agency only?

To fill out an exclusive buyer agency only agreement, the buyer and the broker must complete the contract by providing necessary details such as the buyer's information, the period of the agreement, the broker's obligations, and any specific terms regarding the representation.

What is the purpose of exclusive buyer agency only?

The purpose of exclusive buyer agency only is to provide buyers with dedicated representation, ensuring that their interests are prioritized without any conflict of interest that may arise from dual agency.

What information must be reported on exclusive buyer agency only?

The exclusive buyer agency only must report information including the buyer's name and contact details, the broker's information, the duration of the agreement, the commission details, and any special provisions or terms agreed upon.

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