What is buyer representation agreement?
A buyer representation agreement is a written contract between a homebuyer and a brokerage that sets the services, the term and how the buyer's agent is paid.
In practice
- Many MLSs now require a written agreement before an agent tours homes with a buyer.
- State law and brokerage policy decide what the agreement must include.
General information, not legal, tax or financial advice. Rules vary by state and MLS.
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