The Following is a Copy of our standard Buyer Brokerage Agreement which we use when a Buyer chooses to have us represent them a a Buyers Agent.  Remember, the choice of buyer Representation is totally that of the buyer.
 
 

BUYER AgentAGE AGREEMENT
In consideration of the fees and conditions stated below,
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ (Client) contracts with
Steve Levine, RE/MAX First Choice to locate and negotiate acceptable terms for real property suitable for purchase by Client as described as follows:

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

 

TERM OF AGREEMENT


This Agreement shall be in effect from _ _ _ _ _ _ _ _ _ _ _ , 19_ _ until
_ _ _ _ _ _ _ _ _ _ , 19_ _ .
 
SERVICES/PAYMENT
As used in this Agreement, the terms:

"Purchase" shall include any purchase, option, exchange, lease or trade which Client may enter into. "Locate" shall be any property for which the Client has been provided with or obtained address and/or price information. This shall include any property located by Steve Levine, RE/MAX First Choice, the Client personally, or by any other person during the term of this agreement.

Agent, or his assignee, will act as Client's agent to:

  1. Use professional knowledge and skills as well as services of any appropriate cooperating agencies toward the location and presentation of real property which is available for purchase and suitable for Client's needs as stated above;
  2. Assist Client through the entire process of property acquisition; and
  3. Negotiate for and act in the Client's interest in all Buyer Agency transactions.

In acceptance of this Agreement, Client will:

  1. Work exclusively with Agent during the term of this Agreement.
  2. Furnish Agent with necessary financial information to reasonably establish Client's ability to purchase property.
  3. Pay to Agent a Fee based on a Fee of Three percent (3%) of the purchase price, of any real property of the nature described above purchased by the Client, or by any entity in which Client has an interest, during the term of this Agreement.

Agent agrees to the following terms and conditions:

  1. Agent will provide the clients with appropriate contact phone numbers with which agent can be reached 7 days a week.   Agent will return phone calls from Client in a timely fashion.
  2. Agent will provide the Client, as requested, with all MLS available information, property addresses etc.. to facilitate the Clients house search
  3. Agent will identify for the Client when permitted, homes which agent knows to be coming on the market, in advance of said information being made available to the general public
  4. Agent will express to the Client an honest and professional opinion of the suitability and value of a particular property.

Client likewise agrees to the following terms and conditions. These terms are designed to enable the Agent to provide maximum service to the Client, while ensuring that no additional fees are paid by the Client for this service.

  1. Client agrees to contact Agent with respect to all inquiries of a Real Estate nature. Since Client will have multiple phone numbers to reach Agent 7 days a week, this should be a simple proces.
  2. Client acknowledges that calling other agents on advertisements, popping into open houses, or stopping into new construction sites is not recommended.  This can inadvertently result in the refusal of the Seller to acknowledge the Agent as being entitled to a fee, thereby obligating the Client to pay out of pocket.
  3. If the Client does come into contact, in person or by phone with other Agents, Client shall properly express to them that they "...already have a Clients Agent."

 

 

The Client shall pay Agent the fee as specified in Paragraph  above if at any time during this Agreement or in the Ninety (90) days following expiration or termination of this Agreement, Client enters into a purchase, exchange, option or rental agreement on any property which Agent or Client has located. Fees as set forth in Paragraphs 3 shall be earned, and deemed to be due and payable when a property is located that is owned by a seller who is ready, willing and able to sell, or otherwise convey an interest in the property upon terms which are acceptable to Client as evidenced by Client entering into a purchase, option, exchange, lease or trade agreement with such Seller. However, upon execution of such contract, Steve Levine, REMAX First Choice agrees to defer the Agentage fee as set forth in Paragraph 3 until the settlement date stated in the contract with Seller. Deferral is agreed to solely as an accommodation to the Client and in no way shall be construed as a waiver or release of Client's obligation to pay the Agentage fee.
 

Disclosed Dual Agency

In the event that the client wishes to purchase a property listed by RE/MAX First Choice, the Agent enters into an area of practice called Disclosed Dual Agency.  In this relationship, the Agency is essentially representing both parties in the transaction with the consent of all parties involved.

The agent will deal with the Client and the seller impartially.
The Agent will have the duty of full disclosure to all parties except that:
1.The agent will not disclose that the Client is willing to pay a price or agree to terms other than contained in the offer,or that the seller is willing to accept a price or terms other than is stated in the listing.
2.The agent will not disclose the motivation of the Client to buy or the seller to sell unless authorized buy the Client or the seller.
3.The agent will not disclose personal information about either the Client or the seller unless authorized in writing.
4.The agent will disclose to the Client defects about the physical condition of the property known to the agent.

 

Agent _ _ _ is _ _ _ is not authorized to receive compensation either as a portion of commission offered by the Listing Agent to a Client's Agent or paid by the Seller. The amount of said compensation shall be credited against the obligations of Client to Agent. The amount of any such payment made by the Listing Agent shall be made with the Seller's and Client's prior knowledge and consent and shall in no way affect the obligation of the Agent to act as the sole and exclusive agent and fiduciary of the Client in the transaction.
INITIAL HERE _ _ _ _
 
Agent shall be entitled to show any and all properties to other clients.
 

DISCLAIMER
Client acknowledges that
Agent is being retained solely as a Real Estate Agent and not as an attorney, tax advisor, lender, appraiser, surveyor, structural or mechanical engineer, certified home inspector, termite inspector, environmental inspector or environmental surveyor (including but not limited to, inspections for radon, and the presence of lead in the interior and exterior of any structures and in the soil) or other professional service provider. Client is hereby advised to seek separate professional advice for all legal and tax matters and for all of the items listed above.
INITIAL HERE _ _ _ _
 
 
FAIR DEALING
Client understands that Agent must at all times be fair and honest in dealings with a Seller and a Listing Agent and must adhere to the Code of Ethics promulgated by the National Association of Realtors. Client must disclose all material facts that in fairness should be disclosed to Agent, Seller and Listing Agent. The parties agree not to discriminate against any prospective Seller or Lessor because of race, color, national origin, religion, ancestry, sex, age, marital status, sexual orientation, presence of children, family status or physical or mental disabilities.
 
TERMINATION

This contract may be declared null and void by either party at any time, as long as 7 days notice is given in writing by the rescinding party and subject to the following clause:
 
"The Client shall pay
Agent the fee as stated in Paragraph 3 above if at any time in the Ninety (90) days following termination of this Agreement Client enters into a purchase, exchange, option or rental agreement on any property which has been located during the term of this agreement."
INITIAL HERE _ _ _ _
 
 
AGREEMENT AND RECEIPT
This document contains the full and entire Agreement between Client and Agent. Each acknowledges receipt of a copy of this Agreement.
 
AMENDMENT
This Agreement may not be amended or modified except in a writing that is signed by the parties hereto.
 
 

Purchaser
 


Print Purchaser's Name
 


Co-Purchaser
 


Print Purchaser's Name
 


Purchaser's Address
 



 


Phone
 

REMAX First Choice
 
 

date                                           Agent Signature
 



 

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