(1) "Agency relationship" means the agency relationship created under this chapter between a real estate firm and a principal. Buyers who sign an exclusive agreement with an agent (who you hopefully vetted) will receive their upmost attention.1, 2024, the state of Washington will require real estate agents to enter into broker services agreements with both buyers and sellers. This pamphlet provides general information about real estate brokerage and summarizes the laws related to real estate brokerage relationships. Washington just enacted a new law that requires home buyers to sign an agency agreement with their real estate agent as soon as they start working together. Washington State requires real estate agents to have their buyers sign a buyer agency agreement. Agreement fully filled in. Filling in the Blanks: Step-by-step guidance on completing Form 47. A new year in the real estate industry always seems to bring new rules and guidelines that agents need to follow. An exclusive agency listing agreement gives a broker the right to market and sell a property for a specified time period.
