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Real Estate Agent Buyer Agreement Template for United States

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Key Requirements PROMPT example:

Real Estate Agent Buyer Agreement

"I need a Real Estate Agent Buyer Agreement for a luxury property search in California, with dual agency provisions and an extended protected period of 180 days after termination, starting from March 1, 2025."

Document background

The Real Estate Agent Buyer Agreement is a crucial document in U.S. property transactions that establishes an exclusive relationship between a buyer and their chosen real estate agent. This agreement is designed to protect both parties' interests by clearly defining the agent's responsibilities, compensation structure, and duration of representation. It's particularly important in competitive markets where multiple agents might be showing properties to the same buyer. The document must comply with state-specific real estate regulations and federal laws, including the Real Estate Settlement Procedures Act (RESPA) and Fair Housing Act requirements.

Suggested Sections

1. Parties: Identification of the buyer and real estate agent/broker

2. Background: Context of the agreement and general purpose

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of services the agent will provide

5. Term and Termination: Duration of agreement and conditions for termination

6. Compensation: Commission structure and payment terms

7. Agency Relationship: Nature of the relationship and agent's fiduciary duties

8. Representations and Warranties: Statements of fact by both parties

9. Governing Law: Applicable jurisdiction and legal framework

Optional Sections

1. Dual Agency: Terms for situations where agent represents both buyer and seller - use when dual agency is permitted in the jurisdiction

2. Protected Properties: List of properties shown to buyer during agreement term - use when agent wants to protect commission rights

3. Dispute Resolution: Arbitration or mediation procedures - use when parties prefer alternative dispute resolution

4. Assignment: Rights to transfer agreement obligations - use when transfer rights need to be restricted

Suggested Schedules

1. Agency Disclosure Form: State-mandated disclosure of agency relationships

2. Service Area Map: Geographic boundaries of agent's service area

3. Commission Schedule: Detailed breakdown of commission structure

4. Property Requirements List: Buyer's specific requirements for property search

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Industries

RESPA: Real Estate Settlement Procedures Act - Federal law governing real estate transactions, including disclosure requirements and prohibition of kickbacks

Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, familial status, or disability

ADA Compliance: Americans with Disabilities Act requirements ensuring accessibility and preventing discrimination against individuals with disabilities

Truth in Lending Act: Federal law requiring disclosure of credit terms and standardizing how costs associated with borrowing are calculated and disclosed

Equal Credit Opportunity Act: Federal law preventing discrimination in credit transactions, including those related to real estate

State Licensing Laws: State-specific requirements for real estate agent licensing, continuing education, and professional conduct

Agency Disclosure Requirements: State-mandated rules for disclosing agency relationships between brokers, agents, and clients

Commission Regulations: State-specific rules governing real estate commission structures, disclosure, and payment terms

State Consumer Protection: State laws designed to protect consumers in real estate transactions from unfair or deceptive practices

NAR Code of Ethics: Professional standards and ethical requirements established by the National Association of REALTORSยฎ

MLS Rules: Multiple Listing Service regulations governing property listings and real estate professional cooperation

Agency Relationship Terms: Specific terms defining the relationship between agent and buyer, including duties, responsibilities, and loyalty obligations

Compensation Structure: Terms specifying how the agent will be compensated, including commission rates and payment conditions

Dual Agency Provisions: Rules and disclosures regarding situations where an agent represents both buyer and seller

Termination Rights: Conditions and procedures for ending the buyer-agent relationship

Dispute Resolution: Procedures for handling disagreements between parties, including mediation and arbitration provisions

Privacy Requirements: State and federal requirements for handling personal and financial information in real estate transactions

Minimum Services: State-required minimum services that must be provided by real estate brokers and agents to their clients

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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