Exclusive Buyer Brokerage Agreement - Keller Williams Realty 2025

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The document is an Exclusive Buyer Brokerage Agreement between a buyer and a real estate broker, outlining the terms of their relationship. It grants the broker exclusive rights to assist the buyer in acquiring real property, detailing the broker's obligations, buyer's responsibilities, compensation structure, and conditions for termination. The agreement emphasizes cooperation, fair housing compliance, and dispute resolution procedures.
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  1. Click ‘Get Form’ to open the Exclusive Buyer Brokerage Agreement in the editor.
  2. Begin by filling in the 'Parties' section. Enter your name as the 'Buyer' and Shaun Reed/Keller Williams Classic Realty as the 'Broker'.
  3. In the 'Term' section, specify the start date and termination date of the agreement.
  4. Detail your property interests in the 'Property' section, including type, location, price range, and any pre-qualification details.
  5. Review and complete the 'Broker’s Obligations' and 'Buyer’s Obligations' sections to understand mutual responsibilities.
  6. Fill out compensation details in the 'Compensation' section, specifying amounts or percentages for various acquisition types.
  7. Finally, ensure all parties sign and date at the end of the document to finalize your agreement.

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The three types of buyer representation agreements are non-exclusive not-for-compensation contracts, non-exclusive right-to-represent contract and exclusive right-to-represent contract. Among the three types of buyer representation agreements, the exclusive right-to-represent contract is the most common.
An exclusive brokerage agreement allows the buys to work with a single broker. This means they are not able to hire additional brokers during the duration of the contract. These commonly last between one month to a year. This gives the broker more time and flexibility to find the buyer their perfect deal.
You and your real estate professional can mutually agree to change your agreement. Agreements may have specific conditions under which they can be exited, so read the text of the agreement and speak with your real estate professional if you would like to change or exit your agreement.
Most buyers agreements last about six monthslong enough to find your dream home without feeling locked in forever. Some agents might ask for up to a year, but thats the maximum time these agreements can last.
Exclusive buyer agency agreements mean you must work only with that agent for the term of your contract. The term can vary, but if you work with another agent during that term, you may have to pay your agent their fee regardless of whether they were involved in the transaction.

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People also ask

The listing agreement may be exclusive or non-exclusive. When it is exclusive, the real estate agent has the right to a commission irrespective of who sells the home. When it is non-exclusive, the real estate agent will only get a commission if he or she sells the home.
Buyer a) should accompany Broker on Buyers visits to the Property; b) shall conduct all inquiries, showings and negotiations for the Property in good faith, and exclusively through Broker; c) provide Broker, upon request, relevant financial information to assure Buyers ability to obtain financing, and notify Broker
A typical buyer agency agreement includes the following essential elements: Agent and buyer duties The contract specifies the agents obligations, such as finding suitable properties, scheduling showings, negotiating offers, and guiding the buyer through the purchasing process.

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sample buyer-broker exclusive representation agreement

Buyer agrees to work exclusively with Broker to purchase the property described in this agreement. Buyer has not signed any agreements with any other broker

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