The Non Exclusive Buyer Representation Agreement is designed to formalize the relationship between a real estate buyer and broker while maintaining the buyer's flexibility to work with other agents. This document is commonly used in the United States when buyers want to maintain options in their property search while still ensuring professional representation. The agreement typically includes terms of service, compensation structure, duration, and the scope of the broker's duties, while complying with both federal and state-specific real estate regulations. It provides protection for both parties while maintaining a more flexible arrangement than exclusive representation agreements.
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1. Parties: Identification of the buyer and real estate broker/agent
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of broker's services and responsibilities
5. Term of Agreement: Duration and termination conditions
6. Compensation: Fee structure and payment terms
7. Agency Relationship: Definition of the non-exclusive relationship
1. Property Preferences: Buyer's specific requirements for property search when buyer has specific criteria
2. Additional Services: Extra services offered by broker beyond standard scope
3. Digital Communications: Terms for electronic communications and signatures when parties agree to use digital platforms
1. Agency Disclosure Form: State-mandated disclosure of agency relationships
2. Service Fee Schedule: Detailed breakdown of broker fees and commissions
3. Property Requirements List: Detailed list of buyer's property preferences and requirements
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