Exclusive Right to Represent Agreement
This agreement is between [Buyer Name], herein referred to as Buyer, with a mailing address of [Address]
[Brokerage Legal Name], a licensed real estate broker with a mailing address of [Address], herein referred to as Broker, and establishes the Broker as Exclusive Buyer Agent in assisting Buyer in acquiring interest in real property as herein specified.
Term: This agreement shall be effective as of date signed and it shall continue in full force and effect for 180 days after the execution date of this agreement. If this agreement expires while Buyer is in contract to purchase, Buyer agrees to extend the agreement until the day the Property closes.
Authorization: The Buyer’s Agent is authorized to negotiate for a commission paid by the seller. The payment of any commission under this agreement by the seller from the sales proceeds will not make the Buyer’s Agent either the agent or sub-agent of the seller.
Buyer Agency: Buyer hereby appoints Broker as Buyer’s Exclusive Agent, and agrees to conduct all negotiations for real property through Broker, and to refer to Broker all inquiries from prospective sellers and their agents during the term of this contract. Broker will make diligent efforts to locate and present appropriate properties to Buyer, to negotiate an acceptable offer on property, and to assist in the completion of the transaction.
Disclosure: Broker shall inform all prospective sellers or their agents at the time of initial contract that Broker is acting in the role of a Buyer’s Agent. Broker will not disclose confidential information about Buyer without prior consent. Buyer will disclose to Broker all relevant personal and financial information.
Professional Advice: Buyer acknowledges the need to obtain professional advice in matters of law, financing, construction and other matters beyond the Broker’s knowledge of real estate and Broker assumes no liability for Buyer’s failure to do so.
Other Buyers: Buyer agrees that Broker may show or present the same property to other prospective buyers.
Assignment: Buyer may not reduce any of Broker’s rights under this contract by assignment of rights or interests.
Modification: This contract represents the entire agreement between Buyer and Broker, merging all prior agreements, and any modifications of any terms of this contract shall be in writing and signed by both parties.
This is a legally binding contract – if not fully understood, seek competent legal advice before signing.