Disclaimer
The information provided is intended solely as a general example for informational purposes. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or agency agreements. Laws and regulations may vary depending on the state or jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.
This sample Buyer’s Agent Agreement is provided for illustrative purposes only. Please customize the details to suit your specific agreement and applicable regulations.
Buyer’s Agent Agreement Sample
Parties Involved:
Buyer: Alice Johnson
Real Estate Firm: Dream Homes Realty
Address: 789 Pine Street, Springfield, IL 62704
Agent: Michael Lee
License Number: 12345678
Agency: Dream Homes Realty
Description of the Property:
The Agent shall assist the Buyer in locating, evaluating, and negotiating the purchase of real estate property located in Springfield, Illinois, or as otherwise specified by the Buyer.
Duration and Scope of Agreement:
This agreement shall commence on __________________ and shall remain in effect until __________________ or until either party terminates in writing. The Agent shall act solely on behalf of the Buyer throughout this period.
Obligations of the Agent:
The Agent agrees to diligently and ethically assist the Buyer in locating suitable properties, providing market information, and negotiating terms. The Agent shall keep the Buyer informed and act in the Buyer’s best interests at all times.
Compensation:
The Agent shall be compensated via a fee of __________________% or $________ upon successful closing of a property purchase, payable as agreed in the accompanying schedule or addendum.
Additional Terms:
- Both parties agree to confidentiality regarding transaction details.
- The Buyer authorizes the Agent to access relevant property listings and negotiate on their behalf.
- Any amendments to this agreement must be documented in writing and signed by both parties.
Springfield, ______________________
Alice Johnson (Buyer)
Michael Lee (Agent)