Buyer Realtor Agreement Generator for United States

The Buyer Realtor Agreement serves as the foundational document for establishing a professional relationship between property buyers and real estate professionals in the United States. This agreement is essential when a buyer wishes to engage the services of a real estate agent for property acquisition. The document outlines the scope of services, duties, and obligations of both parties, ensuring clarity and legal protection throughout the property search and acquisition process. It includes critical information about compensation, term of representation, and the nature of the agency relationship. The agreement must comply with both federal real estate laws and state-specific regulations governing real estate transactions and professional relationships. This contract type is particularly important as it protects both the buyer's and agent's interests by clearly defining expectations, responsibilities, and terms of engagement.

1. Parties: Identifies the buyer(s) and the real estate brokerage/agent, including complete contact information and licensing details

2. Background: Brief context explaining the purpose of the agreement and the intention to establish a buyer representation relationship

3. Definitions: Key terms used throughout the agreement including 'Exclusive Right to Represent', 'Property', 'Purchase Price', and 'Term'

4. Appointment of Agent: Formal designation of the agent/broker as the buyer's representative and specification of whether the relationship is exclusive or non-exclusive

5. Term of Agreement: Duration of the agreement, including start and end dates, and any automatic renewal provisions

6. Agent's Duties and Responsibilities: Detailed list of services the agent will provide, including property search, showings, negotiations, and advisory services

7. Buyer's Duties and Obligations: Buyer's commitments, including working exclusively with the agent, providing accurate information, and cooperating in good faith

8. Compensation: Structure and terms of agent compensation, including commission rates, payment timing, and circumstances requiring payment

9. Agency Relationships: Disclosure of possible agency relationships and handling of dual agency situations

10. Termination: Conditions and procedures for ending the agreement, including any early termination fees or obligations

11. Dispute Resolution: Procedures for handling disagreements, including mediation or arbitration requirements

12. General Provisions: Standard legal clauses including governing law, entire agreement, amendments, and notices