A Buyer Service Agreement is an agreement between the Buyer’s Firm/Agent and the Buyers in a real estate agency relationship.
A Buyer Service Agreement is an agreement between the Buyer’s Firm/Agent and the Buyers in a real estate agency relationship and must be signed before a buyer’s agent can tour homes with the buyer. This agreement outlines the rights and responsibilities of both the buyer and the agent, providing clarity on how the buyer’s agent will be compensated. It functions similarly to a listing contract that sellers sign, which defines the terms of their agreement with the listing agent. The buyer and agent will jointly determine the agreement’s duration and the agent’s compensation, ensuring transparency and mutual understanding throughout the process.