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STATEMENT OF PROPERTY DETAILS AND EXCLUSIVE BUYERS AGENCY 2025

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The document is a Statement of Property Details and Exclusive Buyers Agency Agreement outlining the terms between a buyer and D & S Hunter Estate Agents. It includes buyer and agent information, property details, terms of purchase, agency authority, remuneration structure, expenses, and conditions for termination. The agreement specifies the agent's responsibilities in identifying properties, negotiating purchases, and bidding at auctions on behalf of the buyer while detailing fees associated with these services.

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Which of the following must be included in a buyer agency agreement?

Expert-Verified Answer The buyer representation agreement must include all the mentioned elements: the brokers duties, the clients duties, and the term of the contract. These ensure clarity and set expectations for the professional relationship between the homebuyer and the real estate broker.

Which of the following best describes a buyer-agency agreement?

Final answer: A buyer agency agreement identifies the terms of the relationship between the buyer and their real estate agent, defining their mutual obligations and setting expectations for exclusive representation in property transactions.

What is a buyer agency agreement?

A buyer agency agreement, also sometimes called a buyer representation agreement or a buyer-broker agreement, is a contract between a home buyer and a real estate agent that outlines the terms and conditions of their working partnership.

What are the features of an open buyer agency agreement?

Open buyer agency agreement: This agreement enables the buyer to enter into agreements with any number of brokers and is therefore not an exclusive type of buyer agency agreement. The buyer pays only the broker who finds the property that the buyer buys.

Which of the following is appropriate to include in a buyer representation agreement?

A buyer representation agreement includes various elements such as personal information, expiration date, compensation, exclusivity, description of the property, and disclosures.

What are the three most common forms of buyer agency agreements?

The role of a buyers agent is to locate a property that meets the buyers standards. 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.

What does exclusive agency mean in real estate?

Exclusive agency means you agree to let one agent and their brokerage (basically, the company they work for) be the only ones to market your home. They get the unique rights to the listing.

What is an exclusive buyer agency agreement?

An exclusive buyer agency agreement is a contract between a home buyer and their buyers agent or real estate broker. It states the buyer cannot work with another agent for a specific time as they search for homes. The agent has the right to compensation if they find the buyer a house within the dates in the contract.

STATEMENT OF PROPERTY DETAILS AND EXCLUSIVE BUYERS AGENCY 2025

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