The agent must reveal any known material facts about a property.
It may define the type of property (e.g., "single-family residential" vs. "commercial"). 🚪 Provide a Protection Period an exclusive right to buy buyer agency contract may
An Exclusive Right to Buy Buyer Agency Contract is a legally binding agreement between a prospective real estate purchaser and a brokerage. Unlike informal arrangements, this document creates a fiduciary relationship that fundamentally changes the dynamics of the home-buying process. ⚖️ Formalize a Fiduciary Relationship The agent must reveal any known material facts
To help you understand if this is the right move for you, let me know: Are you currently ? Are you looking in a highly competitive market ? Is there a specific house you’ve already found? 🚪 Provide a Protection Period An Exclusive Right
Most agreements last between three to six months.
Ensure the agent is paid if the buyer purchases a property they were introduced to during the contract term.
The contract explicitly outlines how the agent gets paid. While sellers often cover buyer agent fees, the contract may: