Key Purposes of the Agreement
Establishing Agency Relationship
Formally defines the agent-client relationship and establishes legal duties of loyalty, confidentiality, and representation.
Setting Clear Expectations
Outlines the scope of services the agent will provide, including property searches, showings, negotiations, and transaction coordination.
Duration of Representation
Specifies the time period during which the agreement is in effect, giving both parties clarity on their commitment.
Compensation Details
Explains how the agent's commission is determined and paid, including scenarios where the seller may contribute to buyer agent compensation.
Confidentiality Obligations
Protects your personal and financial information, ensuring your agent maintains strict confidentiality throughout the process.
Termination Procedures
Provides clear guidelines for how either party can end the agreement, including any notice requirements or conditions.
The Buyer/Tenant Representation Agreement protects both parties by creating transparency around expectations, services, and compensation. It's designed to ensure you receive dedicated representation throughout your home search or lease process, with a clear understanding of your agent's commitments to you.
