Exclusive Buyer Broker Agreement

Apr 12

1 min read

Updated: Aug 6

Before beginning the home buying process, it’s important to understand what an Exclusive Buyer Broker Agreement is and what buyers can expect before signing.

If you decide to work with me, I'll prepare the Buyer Broker Agreement for your review and signature. This agreement simply formalizes our relationship and allows me to officially represent you as your dedicated real estate agent throughout the home-buying process.

📝 Agreement Term

I typically use a 6-month agreement, which gives us enough time to find the right home without feeling rushed.

💰 Retainer Fee

Is a small upfront payment that secures your agent’s services and shows commitment. It’s often credited back to you at closing and applied toward their total compensation. Some agents charge a retainer fee upfront—I do not. There’s no upfront cost to begin working with me.

💼 Compensation

Is how your agent gets paid for their services. It’s usually covered by the seller or agreed upon in advance, and outlines the amount or percentage the agent will receive at closing.

As an example, if our agreed rate is 3% and the seller offers 2%, you would be responsible for the 1% difference plus a $495 transaction fee. I always work to negotiate this and avoid surprises.