Buyer Agency Agreement

Business Relationship Between Broker and Buyer
Buy signing this form, you are hiring me, Amber Cruz as your Real Estate Agent. Once this is signed, I'm agreeing to protect and promote your interests over my own while assisting you with purchasing your desired property. During the time period specified in this agreement, you are not able to work with any other real estae agents on this home buying process. You are able to request to end this agreement at any time with a written request explaining the reason for termination and date of termination before you can begin working with another agent. Agreement from me needs to be release before our relationship agreement is terminated. I ask that you utilize me as your agent for purchasing any properties that I may have already shown you.

You have 2 options:
1) Hire me per property: You are agreeing to work with me solely for the properties listed on this form. On line 19, 20 and 21. I need you to list the property addresses.
2) Hire me for a time period: Enter start date and End date on lines 19 through 21.

Printable Business Relationship Agreement
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Business Relationship Between Broker and Buyer

This form recommended and approved for, but not restricted to use by, the members of the Pennsylvania Association of REALTORS® (PAR)

Broker (Company)___ Weichert Realtors First Choice__________________________________________________________

Licensee(s) ___Amber Cruz_______________________________________________________________________

Note: The terms "buyer", "seller", and "buy" also will be construed to mean "tenant", "landlord", and "rent", respectively, throughout this agreement.

BUSINESS RELATIONSHIP AS DESCRIBED IN THE CONSUMER NOTICE

Does Buyer have a business relationship with another broker? YesNo
If yes, explain:_____________________________________________________________________
Broker and Buyer agree to the following business relationship as allowed by Broker's Company policy:
Seller Agent (for properties listed with Broker)/SUBAGENT FOR SELLER (for properties listed with other companies
Transaction Licensee (for properties not listed with Broker; however, if property is listed under an agency contract with Broker, Broker is a Seller's Agent).
Buyer Agent (for listed with Broker and other companies, and for properties not listed with any broker) Broker will be Buyer's Agent under the terms agreed to in the Buyer Contract below.

Term
1. No Association of REALTORS® has set or recommended the term of this contract. Broker and Buyer have discussed and agreed upon the length or term of the Contract.
2. This Contract applies to any property that Buyer chooses to buy during the term of the Contract. Buyer will not enter into a Buyer Agency Contract with another broker/licensee that begins before the Ending Date of this Contract.
  Starting Date: This Contract starts when signed by Buyer and Broker, unless otherwise stated here:___________________________
  ____________________________________________________________________________________________________________
  Ending Date: this Contract ends_________________________________________________________________________________
3. If Buyer is negotiating or has entered into an Agreement of Sale, this Contract ends upon settlement.
4. If Buyer is negotiating or has signed a lease, this Contract ends upon possession.
Broker's FeeNo Association of REALTORS® has set or recommended the Broker's fee. Broker and Buyer have negotiated the fee Broker will receive for performing real estate services for Buyer.
1. It is Broker's policy to accept compensation offered by the listing broker and/or the seller. Broker may be paid a fee that is a percentage of the purchase price (or in the case of a lease, a percentage of the total amount of rent due over the term of the lease). Even though Broker's Fee, or a portion of it, may be paid by a seller or listing broker, Broker will continue to represent the interests of Buyer.
2. 1. If the amount received paragraph 2(A) from a listing broker is less than _____$1,750____, then Buyer will pay Broker the difference or include it as a term in the Agreement of Sale for the seller to pay.
  2. If the amount received in paragraph 2(A) from a seller not represented by a broker is less than ___$2000______, then Buyer will pay Broker the difference or include it as a term in the Agreement of Sale for the seller to pay.
3. In addition to any amounts paid to Broker in subparagraphs 2(A) and/or 2(B), Buyer will pay Broker an additional amount of _____$100.00____as part of Broker's fee.
4. 1. Broker's Fee is earned if Buyer enters into a sale or lease agreement during the term of this Contract, whether brought about by Broker, Broker's agents of by any other person, including Buyer.
  2. If Buyer enters into a sale/lease agreement for a property after the Ending Date of the Contract, Buyer will pay Broker's Fee:
    1. if the sale/lease is a result of Broker's actions during the term of this Contract, OR
    2. if the property was seen during the term of this Contract, AND
    3. Buyer is not under an exclusive buyer agency contract with another broker at the time Buyer enters into a sale/lease agreement.
Dual AgencyBuyer agrees that Broker may also represent the seller of the property that Buyer might buy. The Broker is a DUAL AGENT when representing both the seller and the buyer in the sale of the property.
Designated Agency
Not Applicable
Applicable. Broker may designate licensees to represent the separate interests of Buyer and the Seller. Licensee (identified above) is the Designated Agent, who will act at the Buyer Agent. If Licensee is also the Seller Agent, the Licensee is a DUAL AGENT.
CONFLICT OF INTEREST A conflict of interest is when a Broker or Licensee has financial or personal interest in the property where Broker of Licensee cannot put Buyer's interest before any other. If Broker, or any of Broker's licensees, has a conflict of interest, Broker will notify Buyer in a timely manner.
BROKER'S RELATIONSHIP WITH SELLER
1. Buyer understands that, if Broker is also working as a Seller Agent/Subagent for Seller or Transaction Licensee, Broker can receive a fee from the seller. As a Seller Agent/Subagent for Seller or a Transaction Licensee, Broker may not charge any fee to Buyer without a signed written agreement.
2. Broker may provide services to a seller for which Broker may accept a fee. Such services may include, but are not limited to, listing property for sale; deed/document preparation; ordering certifications required for closing; financial services; title transfer and preparation services; ordering insurance, construction, repair, or inspection services. Broker will disclose to Buyer if any fees are to be paid by the seller.
OTHER BUYERS Licensees may show or present the same properties to other buyers.
TRANSFER OF THIS CONTRACT Buyer agrees that Broker may transfer this Contract to another broker. Broker will notify Buyer immediately in writing if Broker transfers this Contract to another broker.
CONFIDENTIALITY Buyer understands that sellers or sellers' representatives might not treat the existence, terms or conditions of any offer as confidential unless there is a confidentiality agreement between Buyer and seller.
DEPOSIT MONEY
1. Broker will keep (or will give to the listing broker, who will keep) all deposit monies that Broker/Licensee receives in an escrow account as required by the real estate licensing laws and regulations until the sale is completed or the agreement of sale is ended. Buyer agrees that Broker may wait to deposit any uncashed check that is received as deposit money until Buyer's offer has been accepted.
2. If an agreement of sale is ended and there is a dispute over whether the buyer or seller should get the deposit monies, a broker is not legally permitted to decide which party should get the deposit monies. A broker holding the deposit monies is required by the Rules and Regulations of the State Real Estate Commission to retain the monies in escrow until the dispute is resolved by the parties. If a lawsuit is filed, a broker will distribute the monies according to the terms of a final order of court or a written agreement of the parties. If Buyer joins Broker or Licensee in a lawsuit for the return of deposit monies, Buyer will pay Broker's and Licensee's attorneys' fees.
BUYER INSPECTIONS
1. Unless Buyer and the seller agree otherwise, real estate is sold in its present condition. It is Buyer's responsibility to determine whether the condition of the property is satisfactory. Buyer may request that the property be inspected, at Buyer's expense by qualified professionals to determine the condition of the structure or its components. Areas of concern may include, but are not limited to electrical; plumbing; heating, ventilating and air conditioning; appliances and fixtures; water infiltration; basement; roof; boundaries; prior sale or lease of oil, gas and/or mineral rights; asbestos, mold and indoor air quality, carbon monoxide, radon, and environmental hazards or substances; wood-destroying insect infestation; on-site water service and/or sewage system; and lead-based paint. Buyer's request for any inspection should be made to Broker before entering into an Agreement of Sale or lease.
2. Buyer is advised that information regarding properties considered for purchase by Buyer has been provided by the seller or seller's broker. Such information may include, but is not limited to, the information on the Seller's Property Disclosure Statement, including environmental conditions; MLS information, including information regarding restrictions, taxes, assessments, association fees, zoning restrictions, dimensions, boundaries (if identified); and marketing information. Unless otherwise noted, Broker has not verified the accuracy of his information, and Buyer is advised to investigate its accuracy.
OTHER_______________________________________________________________________________________________________
______________________________________________________________________________________________________________
______________________________________________________________________________________________________________

Buyer has read and received the Consumer Notice as adopted by the State Real Estate Commission a Pa. Code § 35.336 and the Notices to Buyers in this Agreement. Pennsylvania law requires that a business relationship between Broker and Buyer be in writing.

This is the entire agreement between Broker and Buyer. Any Verbal or written agreements that were made before are not a part of this agreement. Any changes or additions to this agreement must be in writing and signed by the Broker and Buyer. Return by facsimile (FAX) transmission constitutes acceptance of this agreement.

NOTICE BEFORE SIGNING: IF BUYER HAS LEGAL QUESTIONS, BUYER IS ADVISED TO CONSULT AN ATTORNEY.

Buyer gives permission for Broker to send information about this transaction to the fax number(s) and/or e-mail address(es) listed below.

BUYER'S MAILING ADDRESS:_____________________________________________________________________________

_____________________________________________________________________________________________

PHONE:________________________ FAX:__________________ EMAIL:___________________________________________

BUYER_____________________________________________________________________________ DATE________________

BUYER_____________________________________________________________________________ DATE________________

BUYER_____________________________________________________________________________ DATE________________

BROKER(Company Name)__Weichert Realtors First Choice___________________________________________________________

ACCEPTED BY__Amber Cruz_________________________________________________________ DATE________________

NOTICES TO BUYERS