You agree to pay the broker (buyer agent) if you enter into an agreement with the buyer (for what you are) during the term of that agreement or within X following days. The seller and the buyer`s representative sign it. Since the buyer is not involved, he is not there When you receive an offer from an agent, this form must be included. This form is the agreement that states that you, the seller, are not represented and that the buyer is represented and that you are willing to pay him a commission. All disputes arising out of this Agreement shall be mediated and the costs shall be divided equally. Note: Agents typically put on this line 180 days after their listing expires. This protects us from the fact that sellers simply take the house off the market and sell it to the buyer without having to pay commissions, even though we have done the job of finding the buyer. The document of the remuneration agreement of the unrepresented seller is really at the heart of what distinguishes us from our competitors. We give you, the seller, the necessary knowledge to be able to represent you in a real estate transaction, while giving payments to real estate agents for the task of finding buyers, showing them houses and drafting contracts. You should read the entire document as usual, but there is only one real option here, and that is at line 12: Only 3K agents are only allowed to enter $3000 in this section, but any agent from outside our system can make offers and charge different commission amounts. That`s fine, as long as you know in advance what you`re going to pay. This agent represents the buyer and only represents the interests of the buyer and therefore does not have to do much for you other than not lie to you.
“The seller undertakes to pay the broker an indemnity in the amount of ____% of the sale price or $_.” Make sure you know how much the buyer`s agent charges. Only 3K Approved Agents offers must not contain anything in the % and $3000 range in the $range. Offers from external agents could have it all here, so be careful what you sign! Nothing on this page should be construed as legal advice. If you want legal advice, you should get it, and you should get it from a lawyer. .