The non-exclusive agreement outlines the broker's/agent's duties and obligations to the buyer, agency relationships, broker scope of duty and buyer obligations; however, it does provide for compensation. It also removes the buyer's responsibility to pay a commission if the broker / agent is paid by another party such as the seller.
San Antonio, Texas Non-Exclusive Buyer-Broker Agreement and Agency Disclosure In San Antonio, Texas, a Non-Exclusive Buyer-Broker Agreement and Agency Disclosure is a legally binding document that outlines the relationship between a buyer and a real estate agent. This agreement establishes the duties, responsibilities, and obligations of both parties during the home buying process. It is important for buyers to understand the different types of agreements available to them. 1. Non-Exclusive Buyer-Broker Agreement: This type of agreement allows the buyer to work with multiple real estate agents simultaneously. It grants the buyer the freedom to engage with different agents without any exclusive commitment. In this arrangement, the buyer only pays the agent a commission if they successfully facilitate a home purchase. 2. Exclusive Buyer-Broker Agreement: As the name suggests, this agreement establishes an exclusive relationship between the buyer and one specific real estate agent. The buyer relies solely on the services of the appointed agent and is restricted from seeking assistance from other agents during the contracted period. The agent, in return, dedicates their time, resources, and expertise to the buyer's home search. If the agent successfully helps the buyer purchase a property, they are entitled to a commission. 3. Agency Disclosure: The Agency Disclosure is a separate document that accompanies the buyer-broker agreement. It is designed to inform the buyer about the different agency relationships they can have with a real estate agent. It includes the disclosure of the agent's fiduciary duties, which typically include loyalty, confidentiality, obedience, disclosure, and accountability. The Non-Exclusive Buyer-Broker Agreement and Agency Disclosure protect both the buyer's and the agent's interests, providing clarity on the working relationship and ensuring transparency throughout the home buying process. These agreements are crucial for buyers to understand the terms and conditions of their agent's services and any potential obligations they may have. It is recommended that buyers thoroughly review and discuss these agreements with their chosen real estate agent or legal counsel before signing.San Antonio, Texas Non-Exclusive Buyer-Broker Agreement and Agency Disclosure In San Antonio, Texas, a Non-Exclusive Buyer-Broker Agreement and Agency Disclosure is a legally binding document that outlines the relationship between a buyer and a real estate agent. This agreement establishes the duties, responsibilities, and obligations of both parties during the home buying process. It is important for buyers to understand the different types of agreements available to them. 1. Non-Exclusive Buyer-Broker Agreement: This type of agreement allows the buyer to work with multiple real estate agents simultaneously. It grants the buyer the freedom to engage with different agents without any exclusive commitment. In this arrangement, the buyer only pays the agent a commission if they successfully facilitate a home purchase. 2. Exclusive Buyer-Broker Agreement: As the name suggests, this agreement establishes an exclusive relationship between the buyer and one specific real estate agent. The buyer relies solely on the services of the appointed agent and is restricted from seeking assistance from other agents during the contracted period. The agent, in return, dedicates their time, resources, and expertise to the buyer's home search. If the agent successfully helps the buyer purchase a property, they are entitled to a commission. 3. Agency Disclosure: The Agency Disclosure is a separate document that accompanies the buyer-broker agreement. It is designed to inform the buyer about the different agency relationships they can have with a real estate agent. It includes the disclosure of the agent's fiduciary duties, which typically include loyalty, confidentiality, obedience, disclosure, and accountability. The Non-Exclusive Buyer-Broker Agreement and Agency Disclosure protect both the buyer's and the agent's interests, providing clarity on the working relationship and ensuring transparency throughout the home buying process. These agreements are crucial for buyers to understand the terms and conditions of their agent's services and any potential obligations they may have. It is recommended that buyers thoroughly review and discuss these agreements with their chosen real estate agent or legal counsel before signing.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
