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1. Parties: Identifies the broker/brokerage firm and the buyer(s) with their complete legal names and addresses
2. Background: Brief context establishing the buyer's intention to retain the broker's services to assist in purchasing real estate
3. Definitions: Key terms used throughout the agreement including 'Property Requirements', 'Exclusive Right', 'Purchase Price', and 'Broker's Services'
4. Term of Agreement: Specifies the duration of the agreement, including start and end dates
5. Broker's Services and Obligations: Detailed description of services the broker will provide, including property search, negotiations, and advisory services
6. Buyer's Obligations: Outlines the buyer's responsibilities, including providing accurate information and working exclusively with the broker
7. Compensation: Details of broker's commission, including rate, payment timing, and circumstances requiring payment
8. Agency Relationship: Clarifies the nature of the agency relationship and broker's fiduciary duties
9. Termination Rights: Conditions under which either party may terminate the agreement and the consequences
10. Dispute Resolution: Procedures for handling disputes, including mediation or arbitration requirements
11. General Provisions: Standard legal provisions including governing law, amendments, and notices
1. Dual Agency Consent: Required when the broker may potentially represent both buyer and seller in a transaction
2. Property Requirements: Specific details about the type of property the buyer is seeking, used when buyer has very specific criteria
3. Short Sale/REO Properties: Special provisions when buyer is interested in distressed properties
4. Virtual Services: Provisions for remote services when broker will conduct business primarily through electronic means
5. Team Designation: Required when multiple agents within the brokerage will be working with the buyer
6. International Buyer Provisions: Additional terms for international buyers, including currency considerations and foreign investment requirements
1. Schedule A - Property Requirements: Detailed list of buyer's desired property characteristics, location preferences, and price range
2. Schedule B - Commission Structure: Detailed breakdown of commission rates and payment terms for different transaction scenarios
3. Schedule C - Broker's Service Package: Comprehensive list of specific services included in the broker's representation
4. Appendix 1 - Required State Disclosures: State-mandated disclosures and forms
5. Appendix 2 - Agency Disclosure Form: State-specific agency relationship disclosure form
6. Appendix 3 - Fair Housing Notice: Required fair housing information and compliance statements
Real Estate
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Financial Services
Property Development
Property Management
Professional Services
Construction
Investment Management
Legal
Real Estate Operations
Compliance
Contract Administration
Business Development
Client Relations
Risk Management
Document Management
Transaction Processing
Real Estate Broker
Real Estate Agent
Real Estate Attorney
Property Manager
Real Estate Transaction Coordinator
Compliance Officer
Legal Counsel
Real Estate Investment Manager
Business Development Manager
Contract Administrator
Real Estate Operations Manager
Client Relations Manager
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