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This contract establishes a non-exclusive agreement between a Buyer and a Brokerage Company, designating a specific agent to assist the Buyer in acquiring real estate. It outlines the duties of both
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How to fill out non-exclusive buyer representation contract

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How to fill out non-exclusive buyer representation contract

01
Step 1: Start by gathering your personal information including your name, address, and contact details.
02
Step 2: Identify the real estate agent or agency with whom you are entering into the non-exclusive buyer representation contract.
03
Step 3: Specify the type of properties you are interested in purchasing (e.g., residential, commercial).
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Step 4: Clearly outline the terms of the agreement, including the duration of the contract and any applicable fees or commissions.
05
Step 5: Review the obligations of both the buyer and the agent, such as the agent’s duty to represent your interests.
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Step 6: Sign and date the contract to make it legally binding.

Who needs non-exclusive buyer representation contract?

01
Anyone looking to buy real estate who wants professional assistance without a commitment to a single agent.
02
Buyers who may want to explore various properties without being tied to an exclusive representation.
03
Individuals seeking flexibility in choosing their real estate agent while still having support in the buying process.
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A non-exclusive buyer representation contract is an agreement between a buyer and a real estate agent that allows the buyer to work with multiple agents while seeking a property. It outlines the agent's duties and the buyer's responsibilities.
Typically, the buyer is required to sign and file the non-exclusive buyer representation contract with the real estate agent to establish a working relationship, but the responsibility to file may vary depending on local laws and practices.
To fill out a non-exclusive buyer representation contract, the buyer needs to provide personal information, specify the properties of interest, detail the duration of the contract, and sign the agreement along with the agent.
The purpose of a non-exclusive buyer representation contract is to define the relationship between the buyer and the agent, clarify the services the agent will provide, and outline the buyer's obligations without restricting them to a single agent.
The non-exclusive buyer representation contract typically requires reporting information such as the names and contact details of the buyer and agent, the property search criteria, the duration of the contract, and any agreed commission rates or fees.
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Illinois Realtors Buyer Representation Real Estate Contract Non-Exclusive Agreement Brokerage Company Designated Agent Property Acquisition Buyer Duties Compensation Structure Real Estate Regulations

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