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A buyer agency agreement is a contract between a real estate broker and a potential home buyer, establishing that the broker will show homes to the buyer in exchange for a commission. This video tutorial explains the role of a buyer's agent, the differences between exclusive and non-exclusive agency, and key elements to include in a buyer agency agreement. A buyer's agent is responsible for researching and showing listings to the buyer, negotiating the purchase, and typically receives a commission from the sale. If there is a listing agent for the property, both agents may agree to split the commission. In some cases, an agent may represent both the buyer and seller, known as dual agency, which can be illegal in certain states.
