Philadelphia Pennsylvania Non-Exclusive Buyer-Broker Agreement and Agency Disclosure

State:
Multi-State
County:
Philadelphia
Control #:
US-01853BG
Format:
Word; 
Rich Text
Instant download

Description

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.

A Philadelphia Pennsylvania Non-Exclusive Buyer-Broker Agreement and Agency Disclosure is a legally binding contract between a buyer and a real estate agent or broker. This agreement outlines the terms and conditions under which the agent or broker will represent the buyer in their pursuit of purchasing a property in Philadelphia, Pennsylvania. Keywords: Philadelphia Pennsylvania, Non-Exclusive Buyer-Broker Agreement, Agency Disclosure, real estate agent, real estate broker, buyer representation. The purpose of this agreement is to establish the relationship between the buyer and the agent or broker, outlining their duties and obligations. It is important to understand that this agreement does not exclusively bind the buyer to work with a specific agent or broker, allowing them the freedom to seek representation from other professionals if they wish. In this agreement, the agent or broker is referred to as the buyer's representative, responsible for assisting the buyer throughout the entire real estate transaction process in Philadelphia, Pennsylvania. The agent or broker will provide guidance, advice, and expertise to help the buyer find and negotiate the purchase of a suitable property. They will utilize their local market knowledge and experience to identify potential properties that meet the buyer's needs and preferences. The agreement also includes a detailed explanation of agency relationships, ensuring full disclosure and transparency. It outlines the different types of agency relationships that can exist between the buyer and the agent or broker. These relationships may include: 1. Seller's Agents: These agents work for the seller and represent the seller's interests. They have a fiduciary duty to the seller to obtain the best possible terms and conditions for the sale of the property. 2. Buyer's Agents: These agents work exclusively for the buyer and represent the buyer's interests. They have a fiduciary duty to the buyer to protect their interests, negotiate favorable terms, and provide objective advice throughout the buying process. 3. Dual Agents: In some cases, an agent or broker may represent both the buyer and the seller in the same transaction. This dual agency relationship requires the agent or broker to remain neutral, not favoring one party over the other. The Philadelphia Pennsylvania Non-Exclusive Buyer-Broker Agreement and Agency Disclosure also cover important aspects such as compensation, duration of the agreement, termination clauses, and dispute resolution procedures. It is crucial for both the buyer and the agent or broker to carefully review and understand the terms of the agreement before entering into it. By signing this agreement, the buyer acknowledges that they have been provided with the necessary information regarding agency relationships and their rights and obligations as a buyer in Philadelphia, Pennsylvania's real estate market. The agreement serves as a legal safeguard for both parties, helping to ensure a smooth and transparent real estate transaction process.

A Philadelphia Pennsylvania Non-Exclusive Buyer-Broker Agreement and Agency Disclosure is a legally binding contract between a buyer and a real estate agent or broker. This agreement outlines the terms and conditions under which the agent or broker will represent the buyer in their pursuit of purchasing a property in Philadelphia, Pennsylvania. Keywords: Philadelphia Pennsylvania, Non-Exclusive Buyer-Broker Agreement, Agency Disclosure, real estate agent, real estate broker, buyer representation. The purpose of this agreement is to establish the relationship between the buyer and the agent or broker, outlining their duties and obligations. It is important to understand that this agreement does not exclusively bind the buyer to work with a specific agent or broker, allowing them the freedom to seek representation from other professionals if they wish. In this agreement, the agent or broker is referred to as the buyer's representative, responsible for assisting the buyer throughout the entire real estate transaction process in Philadelphia, Pennsylvania. The agent or broker will provide guidance, advice, and expertise to help the buyer find and negotiate the purchase of a suitable property. They will utilize their local market knowledge and experience to identify potential properties that meet the buyer's needs and preferences. The agreement also includes a detailed explanation of agency relationships, ensuring full disclosure and transparency. It outlines the different types of agency relationships that can exist between the buyer and the agent or broker. These relationships may include: 1. Seller's Agents: These agents work for the seller and represent the seller's interests. They have a fiduciary duty to the seller to obtain the best possible terms and conditions for the sale of the property. 2. Buyer's Agents: These agents work exclusively for the buyer and represent the buyer's interests. They have a fiduciary duty to the buyer to protect their interests, negotiate favorable terms, and provide objective advice throughout the buying process. 3. Dual Agents: In some cases, an agent or broker may represent both the buyer and the seller in the same transaction. This dual agency relationship requires the agent or broker to remain neutral, not favoring one party over the other. The Philadelphia Pennsylvania Non-Exclusive Buyer-Broker Agreement and Agency Disclosure also cover important aspects such as compensation, duration of the agreement, termination clauses, and dispute resolution procedures. It is crucial for both the buyer and the agent or broker to carefully review and understand the terms of the agreement before entering into it. By signing this agreement, the buyer acknowledges that they have been provided with the necessary information regarding agency relationships and their rights and obligations as a buyer in Philadelphia, Pennsylvania's real estate market. The agreement serves as a legal safeguard for both parties, helping to ensure a smooth and transparent real estate transaction process.

Free preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview

How to fill out Philadelphia Pennsylvania Non-Exclusive Buyer-Broker Agreement And Agency Disclosure?

A document routine always goes along with any legal activity you make. Staring a business, applying or accepting a job offer, transferring ownership, and many other life situations demand you prepare formal documentation that differs from state to state. That's why having it all collected in one place is so helpful.

US Legal Forms is the biggest online library of up-to-date federal and state-specific legal forms. On this platform, you can easily find and download a document for any individual or business objective utilized in your county, including the Philadelphia Non-Exclusive Buyer-Broker Agreement and Agency Disclosure.

Locating samples on the platform is remarkably simple. If you already have a subscription to our service, log in to your account, find the sample through the search bar, and click Download to save it on your device. After that, the Philadelphia Non-Exclusive Buyer-Broker Agreement and Agency Disclosure will be accessible for further use in the My Forms tab of your profile.

If you are dealing with US Legal Forms for the first time, follow this simple guide to obtain the Philadelphia Non-Exclusive Buyer-Broker Agreement and Agency Disclosure:

  1. Make sure you have opened the right page with your localised form.
  2. Make use of the Preview mode (if available) and browse through the template.
  3. Read the description (if any) to ensure the form satisfies your requirements.
  4. Look for another document using the search option in case the sample doesn't fit you.
  5. Click Buy Now when you locate the required template.
  6. Select the appropriate subscription plan, then log in or register for an account.
  7. Choose the preferred payment method (with credit card or PayPal) to continue.
  8. Choose file format and download the Philadelphia Non-Exclusive Buyer-Broker Agreement and Agency Disclosure on your device.
  9. Use it as needed: print it or fill it out electronically, sign it, and send where requested.

This is the easiest and most trustworthy way to obtain legal paperwork. All the samples provided by our library are professionally drafted and verified for correspondence to local laws and regulations. Prepare your paperwork and manage your legal affairs properly with the US Legal Forms!

Trusted and secure by over 3 million people of the world’s leading companies

Philadelphia Pennsylvania Non-Exclusive Buyer-Broker Agreement and Agency Disclosure