BUYER REPRESENTATION AGREEMENT
Due to the recent NAR ruling and resulting new standards of practice, before we start seeing properties, I ask clients to sign an agreement that allows Compass and me (as your agent) to legally and exclusively represent you and your interests. It establishes a formal relationship between us and outlines the terms and conditions under which I will represent you with your property search and purchase . Essential Components of the Buyer Representation Agreement: 1. Scope of Services: Defines the services I will provide you including property search, property showings, negotiation, and assistance with the purchase process. 2. Property Type and Location: The agreement may include details about the type of property you are interested in (e.g. single family, condo, commercial property, etc.) and the geographic area where you are looking to purchase. 3. Duration: The agreement specifies the period during which you are committed to working exclusively with me (maximum 3 months with flexibility to extend). 4. Compensation: The agreement specifies how Compass will be compensated as it relates to your representation. We will have a conversation at the start of our working relationship to discuss payment scenarios so we can memorialize it in writing in this agreement. Commissions are negotiable.
Importantly, w e will review the agreement together before I ask you to sign anything.
Buyer Representation Ag re e ment
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