Phoenix Arizona Agreement for Broker to Act as Agent of Buyer

• Category: Contracts - Agency
• State: Multi-State
• City: Phoenix
• Control #: US-01636
• Format: Word; Rich Text

Description

This form is an Agreement for a Broker to Act as an Agent for a Buyer. The buyer authorizes the broker to act as the exclusive agent for the buyer in the purchase of certain property. The broker also agrees to not reveal confidential information obtained from or about the buyer except in the furtherance of the purpose of a transaction as permitted by the agreement. The Phoenix Arizona Agreement for Broker to Act as Agent of Buyer is a legally binding contract entered into between a real estate broker and a buyer in the city of Phoenix, Arizona. This agreement outlines the rights, responsibilities, and obligations of both parties involved in a real estate transaction. It establishes the broker as the authorized agent of the buyer and sets forth the terms under which the broker will represent and assist the buyer in finding and purchasing a property. Key elements included in the Phoenix Arizona Agreement for Broker to Act as Agent of Buyer may include: 1. Identification of the Parties: The agreement will clearly specify the names and contact information of both the buyer and the broker. Additionally, any related entities or co-buyers may also be included. 2. Scope of Representation: This section outlines the specific duties and services the broker will provide to the buyer. It generally includes tasks such as conducting property searches, arranging property viewings, negotiating offers, assisting with inspections, and guiding the buyer through the closing process. 3. Brokerage Fees: The agreement will state the compensation arrangements between the buyer and the broker. This typically involves a commission fee paid by the seller, which is usually split between the buyer's agent and the seller's agent. The percentage or amount of the commission will be specified in the agreement. 4. Duration and Termination: The agreement will specify the duration of the broker's representation, often referred to as the term or duration. It may also outline the circumstances under which either party can terminate the agreement before its expiration date. 5. Duties and Obligations: This section describes the responsibilities and obligations of both the buyer and the broker. It may include requirements such as the buyer's obligation to provide accurate information and the broker's duty to act in the buyer's best interest, maintain confidentiality, and disclose any conflicts of interest. 6. Disclosure Requirements: The agreement may outline any specific disclosure requirements mandated by Arizona law. This can include disclosures about agency relationships, material property defects, neighborhood conditions, or any other legal obligations. It is important to note that while there may not be different types of Phoenix Arizona Agreement for Broker to Act as Agent of Buyer, variations in the content and provisions of the agreement may occur depending on the specific needs of the buyer or the practices of the broker. Additionally, individual real estate agencies or brokers may have their own customized versions of this agreement, incorporating additional clauses or conditions.

The Phoenix Arizona Agreement for Broker to Act as Agent of Buyer is a legally binding contract entered into between a real estate broker and a buyer in the city of Phoenix, Arizona. This agreement outlines the rights, responsibilities, and obligations of both parties involved in a real estate transaction. It establishes the broker as the authorized agent of the buyer and sets forth the terms under which the broker will represent and assist the buyer in finding and purchasing a property. Key elements included in the Phoenix Arizona Agreement for Broker to Act as Agent of Buyer may include: 1. Identification of the Parties: The agreement will clearly specify the names and contact information of both the buyer and the broker. Additionally, any related entities or co-buyers may also be included. 2. Scope of Representation: This section outlines the specific duties and services the broker will provide to the buyer. It generally includes tasks such as conducting property searches, arranging property viewings, negotiating offers, assisting with inspections, and guiding the buyer through the closing process. 3. Brokerage Fees: The agreement will state the compensation arrangements between the buyer and the broker. This typically involves a commission fee paid by the seller, which is usually split between the buyer's agent and the seller's agent. The percentage or amount of the commission will be specified in the agreement. 4. Duration and Termination: The agreement will specify the duration of the broker's representation, often referred to as the term or duration. It may also outline the circumstances under which either party can terminate the agreement before its expiration date. 5. Duties and Obligations: This section describes the responsibilities and obligations of both the buyer and the broker. It may include requirements such as the buyer's obligation to provide accurate information and the broker's duty to act in the buyer's best interest, maintain confidentiality, and disclose any conflicts of interest. 6. Disclosure Requirements: The agreement may outline any specific disclosure requirements mandated by Arizona law. This can include disclosures about agency relationships, material property defects, neighborhood conditions, or any other legal obligations. It is important to note that while there may not be different types of Phoenix Arizona Agreement for Broker to Act as Agent of Buyer, variations in the content and provisions of the agreement may occur depending on the specific needs of the buyer or the practices of the broker. Additionally, individual real estate agencies or brokers may have their own customized versions of this agreement, incorporating additional clauses or conditions.