Parties
Full legal names and trade names of buyer(s) and broker, including broker license number and brokerage firm name where applicable.
The agreement clarifies broker duties, confirms fiduciary obligations, sets commission and termination terms, and reduces later disputes. It creates predictable responsibilities for showings, negotiations, and escrow coordination while supporting enforceable compensation claims when properly executed and retained.
The document is used across retail and institutional transactions and is often adapted to local licensing and consumer-protection rules.
Full legal names and trade names of buyer(s) and broker, including broker license number and brokerage firm name where applicable.
Precise description of services: property search criteria, showings, negotiation authority, access to MLS, and coordination with lenders and title companies.
Commission rate or flat fee, how it is earned (e.g., at closing), who pays, and how cooperative commissions are handled.
Start and end dates, auto-renewal rules, and notice requirements for early termination or breach by either party.
Broker obligations such as loyalty, confidentiality, disclosure of material facts, and duty to present all offers promptly.
Choice of law, venue, and whether disputes go to arbitration or court; include any applicable attorney-fee provisions.
Ensure the chosen service encrypts data in transit and at rest, captures timestamps and IPs, and provides an immutable audit trail for each signature event.
| Field | Configuration |
|---|---|
| Authentication | Email link plus optional SMS code for signer verification |
| Templates | Use reusable broker template with conditional commission fields |
| Bulk Send | Enable for onboarding multiple buyers from the same office |
| Audit Trail | Include IP, timestamp, and signer email for each action |
The date entered in the agreement (MM/DD/YYYY) starts performance obligations
Set explicitly—common ranges run 30 to 180 days depending on market practice
Follow the written-notice procedure in the contract; specify delivery method and timing
Commission typically becomes payable at closing or as otherwise stated
Preserve executed copies and audit trails until retention period expires
A mid-size brokerage moved onboarding online to centralize signed agreements and reduce office visits.
An investment buyer standardized representation agreements to speed portfolio acquisitions.
The named buyer(s) or authorized representative must sign; for entities include the authorized officer’s name and title and confirm signing authority to bind the entity.
A licensed broker or licensed sales agent acting on behalf of the brokerage signs and includes brokerage details, license number, and contact information for compliance records.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes | Yes | Yes | Yes | Yes |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies | Varies | Varies |