Buyer's Broker Agreement

Buyer: [Name] · Broker/Agent: [Name/Brokerage] · Date: [Date]

1. Exclusive Representation

Buyer engages Broker as their exclusive representative for the purchase of residential property in [Area/Price Range], for the term of this Agreement.

2. Term

This Agreement runs from [Start Date] to [End Date].

3. Broker's Compensation

[ ] Broker's compensation is paid by the seller/listing broker through cooperative compensation offered on the MLS, per customary practice. [ ] Buyer agrees to pay Broker directly [%/Amount] if a transaction closes, [with any seller-paid compensation credited against this amount].

4. Scope of Services

Broker will: identify suitable properties, arrange showings, advise on offers and negotiation strategy, and coordinate through closing.

5. Buyer's Obligations

Buyer agrees to work exclusively with Broker during the term of this Agreement for property searches within the defined scope, and to disclose any properties Buyer independently discovers.

6. Dual Agency (if applicable)

[Disclose whether Broker may represent both Buyer and a seller in the same transaction, subject to both parties' informed written consent, where permitted by state law.]

7. Termination

[State any early termination rights, and whether Broker is owed compensation for a property identified during the term that closes after termination.]

Buyer: ______________________ Date: ____________ Broker/Agent: ______________________ Date: ____________

*This document is provided for informational and educational purposes only and does not constitute legal advice. Following recent changes to how real estate commissions are structured in the US, buyers are now more commonly asked to sign a compensation agreement directly with their agent (Section 3) rather than assuming the seller automatically covers it — read this section carefully before touring homes.*