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1. Parties: Identifies the broker/brokerage firm and the buyer(s) with their complete legal names and addresses
2. Background: Establishes the context of the agreement, including the buyer's intention to purchase property and the broker's qualification to provide services
3. Definitions: Defines key terms used throughout the agreement, including 'Property Requirements,' 'Commission,' 'Closing,' and 'Exclusive Right'
4. Appointment and Authorization: Establishes the broker's appointment and the nature of the representation (exclusive or non-exclusive)
5. Term of Agreement: Specifies the duration of the agreement, including start and end dates
6. Broker's Services and Obligations: Details the services the broker will provide to assist in finding and purchasing property
7. Commission Structure: Specifies the commission rate, calculation method, and payment terms
8. Buyer's Obligations: Outlines the buyer's responsibilities, including providing accurate information and working exclusively with the broker
9. Property Requirements: Describes the type, location, and price range of properties the buyer is interested in
10. Termination: Specifies conditions and procedures for ending the agreement
11. Governing Law: States that the agreement is governed by applicable state laws
12. Signatures: Space for dated signatures of all parties
1. Dual Agency Consent: Required when the broker may represent both buyer and seller in a transaction
2. Protection Period: Establishes a period after agreement termination during which the broker may still be entitled to commission
3. Dispute Resolution: Specifies mediation or arbitration procedures for resolving disagreements
4. Team Members: Lists additional broker team members who may assist with the buyer's search
5. Fair Housing Compliance: Explicit statement of compliance with fair housing laws, particularly important in areas with strict requirements
6. Commission Exceptions: Specifies any properties or situations where different commission terms apply
7. Virtual Services: Details provisions for virtual showings and electronic communications, relevant in modern transactions
1. Schedule A - Property Requirements: Detailed specifications of the buyer's property requirements including location, size, price range, and essential features
2. Schedule B - Commission Schedule: Detailed breakdown of commission rates and calculations for different property types or price ranges
3. Schedule C - Broker's Services: Comprehensive list of specific services the broker will provide
4. Appendix 1 - Agency Disclosure Form: State-mandated form explaining agency relationships in real estate transactions
5. Appendix 2 - Fair Housing Information: Required fair housing notices and information
6. Appendix 3 - Client Information Form: Buyer's detailed contact information and preferences
Real Estate
Financial Services
Legal Services
Property Development
Property Management
Real Estate Investment
Professional Services
Legal
Real Estate
Compliance
Operations
Business Development
Contract Administration
Property Acquisition
Investment
Transaction Processing
Real Estate Broker
Real Estate Agent
Property Buyer
Real Estate Attorney
Legal Counsel
Compliance Officer
Real Estate Transaction Coordinator
Contract Administrator
Real Estate Manager
Property Acquisition Manager
Real Estate Investment Manager
Business Development Manager
Real Estate Operations Director
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