BUYER AGENCY? OK, SO... WHAT IS
Much like Listing Agreements are entered into with sellers, the relationship between a buyer and the Buyer’s agent is typically formalized through a Buyer Agency Agreement. This legal document outlines the duties and obligations of both the agent and you, the buyer. It includes details like the duration of the agreement, the geographic area for your home search, the type of property you're interested in, and details of the agent’s compensation. AGENCY AGREEMENT:
DEFINITION
Buyer Agency refers to a legal relationship between a potential homebuyer (that's you) and a real estate agent or broker. In this relationship, the agent or broker (known as the Buyer's Agent) represents your interests during the home-buying process.
Made with FlippingBook - Share PDF online