Which Of The Following Must Be Included In A Buyer Agency Agreement

The non-exclusive agreement describes the duties and obligations of the broker/agent towards the buyer, the agency relationships, the extent of the brokerage obligations and the obligations of the buyer; however, it provides for compensation. It also relieves the buyer of the responsibility to pay a commission if the broker/agent is paid by another party such as the seller. This is a part of the contract that often confuses buyers. Often, they don`t understand that they are not paying the fees. While the terms of non-exclusive agreements can take one or two months, the terms of the exclusivity contract are usually between 30 days and a year. If the buyer decides to later buy a property presented to him by the agent, he owes a commission to the agency. Exclusive representation gives the broker/agent the opportunity to deal with unsused sellers (e.B on behalf of the buyer.