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How to fill out the (This Is A Legally Binding Contract If Not Understood, Seek Competent Advice Before Signing) online
Filling out the Exclusive Right to Represent Buyer Agreement is an important step in securing a trusted representation in real estate transactions. This guide will help you navigate the process easily and effectively, ensuring that all necessary information is provided accurately.
Follow the steps to complete the form accurately.
- Click the ‘Get Form’ button to obtain the form and open it in your preferred online editor.
- Enter your name as the Buyer in the appropriate section of the form.
- In the next section, provide the name of the Broker or Firm that will represent you in this agreement. Ensure the accuracy of this information for clarity in the transaction.
- Specify the property or type of property you are looking to acquire. Detail is crucial here to guide the Broker in effectively meeting your needs.
- Fill in the term of the agreement by entering the commencement and termination dates of the contract in the designated areas.
- Review the Broker's duties listed in the agreement. Familiarize yourself with what to expect to ensure effective communication throughout the transaction.
- Complete the section detailing your duties as the Buyer by acknowledging the Broker's requests for information and confirming your exclusive relationship with the Broker.
- Denote any service fee, including the payment schedule, in the space provided, being mindful of the non-refundable nature of this fee.
- Detail the compensation you agree to pay the Broker for their services in the relevant section. Clarify if this is contingent on property acquisition.
- If applicable, review and indicate any preferences regarding dual or designated representation by the Broker in the transaction.
- Carefully read through the disclosure regarding dual representation to understand its implications fully.
- Finalize the form by signing where indicated, affirming the understanding of all terms outlined in the agreement.
- After completing the form, save any changes, and download or print the document for your records. You can also share it with relevant parties as needed.
Start filling out your documents online today to streamline your real estate journey.
Under contract law, a party having legal capacity to enter into a contract, e.g., of legal age, mental capacity to understand the contract, and absent of duress.
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