Buyer representation agreement templateBuyer Representation Agreement • December 20th, 2020
Contract Type FiledDecember 20th, 2020The buyers' agency contract is between a real estate agent, also known as a selling agent, who agrees to show the properties for sale to a potential buyer in exchange for a commission if a transaction occurs. The broker, known as the buyer's agent, and the buyer enter into this agreement either on an exclusive or non- exclusive basis before any properties are shown to the buyer. Typically, if the property being displayed is listed with a separate real estate agent, both agents will agree to split the commission specified in the contract between the broker and the seller. Listing agreements – It will be used when the seller of real estate seeks representation of the agent for the sale of his property on the market. By the state buyer's agent is hired by a potential buyer to show them the properties listed for sale and to assist in negotiations if an offer is made. Depending on the country, the buyer's agent may have a fiduciary duty to represent the best interests of the buyer when nego