The Non-Exclusive Buyer Agency Agreement serves as a flexible solution for real estate transactions in the United States, particularly suitable for buyers who wish to maintain relationships with multiple agents or retain the option to act independently. This agreement defines the scope of services provided by the agent, including property search, market analysis, and negotiation support, while protecting both parties' interests. The non-exclusive nature differentiates it from traditional exclusive agreements, offering greater freedom to buyers while still ensuring agents can receive compensation for their services when successfully representing the buyer in a transaction.
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1. Parties: Identification of the buyer and the 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: Duration of the agreement
6. Compensation: Commission structure and payment terms
7. Agency Relationship: Definition of the non-exclusive relationship
8. Representations and Warranties: Statements of fact and guarantees by both parties
9. Termination: Conditions and procedures for ending the agreement
10. Governing Law: Applicable state law and jurisdiction
1. Property Specifications: Detailed criteria for desired property, including location, price range, and features
2. Additional Services: Supplementary services beyond standard representation, such as property inspection coordination or mortgage assistance
3. International Considerations: Special provisions for international buyers, including currency considerations and foreign investment requirements
4. Dispute Resolution: Procedures for handling disputes, including mediation or arbitration provisions
1. Schedule A - Agency Disclosure Form: State-mandated agency relationship disclosure form
2. Schedule B - Service Fee Schedule: Detailed breakdown of all potential fees and charges
3. Schedule C - Property Requirements Checklist: Detailed list of buyer's property preferences and requirements
4. Schedule D - State-Specific Disclosures: Additional required disclosures based on state law
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