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What is the buyers agency agreement?

A buyers agency agreement (BAA) outlines the responsibilities of both the buyer and the real estate agent, ensuring transparency and protecting both parties throughout the homebuying process. Whether youre looking for a condo in San Diego or a townhouse in Boston, understanding this agreement is crucial.

What are the three types of buyer agency agreements?

The 3 Types of Buyer-Broker Agreements Nonexclusive not-for-compensation contracts. This type of buyer-broker agreement describes the brokers duties and obligations to the home buyer, generally to be performed by the brokers agent. Nonexclusive right-to-represent contracts. Exclusive right-to-represent contracts.