Broker Agency Agreement

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The only thing that distinguishes this agreement from others is that the buyer cannot work with another agent during this period. Here you will find a model of an exclusive agreement on the right of representation. A buyer`s agency contract is – like a sales contract – an employment contract, but the broker represents the buyer – the client – as an agent and agent. Either the buyer or seller can pay the buyer`s agent if the buyer buys a property. The costs can be a flat fee, an hourly rate or a commission equal to a percentage of the purchase price of the property. Often, the buyer`s agent and the listing broker share the commission. However, the agent might want a resonator to offset the costs when signing the agreement. .