Parties
Full legal names of buyer(s) and broker or brokerage firm plus license numbers and contact details to establish identity and responsibility.
The agreement clarifies broker responsibilities, reduces disputes about commission, sets the term and exclusivity, and documents consent to agency. It protects buyer interests and provides a clear basis for negotiation, showing agents are authorized to act on the buyer's behalf.
Common signers include individual buyers, co-buyers, broker representatives, and licensed brokerage firms; each party should be clearly identified.
Ensure signers have authority to bind each party; corporate or trust buyers should include an authorized signatory and supporting documentation.
Full legal names of buyer(s) and broker or brokerage firm plus license numbers and contact details to establish identity and responsibility.
Geographic area, property types, and services provided (showings, offers, negotiations, MLS access). Define any exclusions or limitations to representation.
Duties such as fiduciary obligations, disclosure requirements, marketing, negotiations, and duty to present all offers and counteroffers to the buyer.
Commission amount or formula, who pays (buyer vs seller), timing of payment, and how commission disputes will be resolved.
Start and end dates or conditions for termination, renewal clauses, and any obligations that survive termination such as procuring cause protections.
Procedures for ending the agreement, notice requirements, post-termination commission provisions, and whether exclusivity continues for a specified period.
| Field | Configuration |
|---|---|
| Authentication method | Email link or SMS code; KBA for higher assurance. |
| Signature type | Typed or drawn signature with audit trail attached. |
| Reminder cadence | Automated reminders at 24 and 72 hours. |
| Storage location | Encrypted cloud folder with version control. |
Use a secure e-signature platform that supports standard document formats and reliable authentication.
Choose a platform that produces an audit trail, preserves tamper-evident copies, and supports legal requirements such as ESIGN/UETA compliance and optional BAA for healthcare-related data.
Date when broker duties and buyer obligations start.
When exclusivity begins and when the buyer may terminate.
Date/time by which broker must present offers to buyer.
Deadline for inspection objections or repair requests.
Advance notice required to end the agreement, if any.
| 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 | Varies | Varies | Varies |
| Bulk Send | Yes (Business Premium+) | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes (BAA required) | Yes | Yes | No | No |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |