This form is an Agreement for a Broker to Act as an Agent for a Buyer. The buyer authorizes the broker to act as the exclusive agent for the buyer in the purchase of certain property. The broker also agrees to not reveal confidential information obtained from or about the buyer except in the furtherance of the purpose of a transaction as permitted by the agreement.
Pima Arizona Agreement for Broker to Act as Agent of Buyer
Category:
State:
Multi-State
County:
Pima
Control #:
US-01636
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Exclusive right-to-represent contracts. This is the most common buyer-broker agreement between home buyers and brokers. This agreement outlines the obligations of the broker, the broker-agent relationship, and the responsibilities of the buyer.
The key elements of the buyer-broker agreement are broker exclusivity, contract duration, compensation, and the description of the type of home the buyer is seeking.
A buyer representation (agency) agreement is a contract that delineates the relationship between a prospective home purchaser and a real estate broker or agency. While the agreement serves as good protection for the real estate agent, the home buyer can get significant value out of it as well.
Dual agent A real estate agent may act as a double agent representing both the buyer and the seller in a real estate transaction but only with both parties' express consent. A dual agent shall be neutral concerning any conflicting interests of the seller and buyer.
The three types of Buyer's Agreements are the following: Exclusive purchase, exclusive seller, and closed buyer agency.
Legally speaking, a dual agent is a real estate broker, or agents working for the same broker, who act on behalf of both the seller and the buyer in a transaction. A broker is permitted to act as a dual agent in California only if the buyer and seller are both aware of and consent to the dual agency.
The exclusive right-to-represent contract is the most common buyer representation agreement and best protects the agent.
In British Columbia, dual agency is prohibited, but there is an exemption that real estate professionals can use in certain situations.
exclusive agreement means that the buyer can work with other agents. An exclusive agreement means the buyer will work exclusively with that real estate agent.
Single Agency In this approach, an agent represents only one principal in a transaction either a seller OR a buyer (or a Landlord OR a Tenant), but never both in the same transaction. The principal (buyer or seller) employs the agent to represent only his/her best interests in the purchase or sale of a property.