Parties
Full legal names and business names for buyer(s) and broker, including broker license number and brokerage address to ensure accurate identification.
A written agreement creates certainty about the agent’s responsibilities, the buyer’s obligations, and how compensation is earned and paid. It protects both parties by establishing timelines, document handling, and conflict-of-interest disclosures.
Use this agreement whenever a buyer wants an explicit relationship with an agent—especially for exclusive representation or when commission responsibility could be disputed.
A buyer (individual or co-buyers) signs to authorize representation, consent to disclosures, and confirm understanding of commission or fee obligations. The buyer's signature binds them to exclusivity and cooperation clauses where present, and should match government ID for authentication and record-keeping.
The licensed broker or agent signs to accept duties, describe services, and confirm brokerage supervision. The broker's signature block typically includes license number, brokerage name, address, and agent contact details required for state licensing compliance and audit trails.
Full legal names and business names for buyer(s) and broker, including broker license number and brokerage address to ensure accurate identification.
Clear description of services (property search, showings, negotiations, offers, due diligence coordination) and any excluded services like transaction management fees.
Commission rate or flat fee terms, who pays the broker, when payment is earned, and whether commission is split with listing broker.
Effective date, expiration date, geographic limits, and conditions for automatic renewal or extension tied to active property searches.
Mandatory state-specific disclosures about dual or designated agency, required consent language, and conflict-of-interest handling procedures.
How either party may terminate, notice requirements, obligations on termination (confidentiality, accounting), and any early-cancellation fees.
Ensure electronic copies preserve an audit trail, secure storage, and the ability to reproduce the complete record for regulatory or closing purposes.
Record as MM/DD/YYYY when signing to establish representation start.
Align commission triggers with offer acceptance dates and contingencies.
Follow state licensing retention rules for transaction files.
Retain audio-video and journal per state RON rules if used.
Resolve compensation and expense accounting promptly after termination.
| 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 | Varies | Varies | Varies | Varies |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No envelope cap | 100 envelopes/user/year | Varies | Varies | Varies |
A first-time buyer signs an exclusive agreement to secure agent commitment and market access.
An employer hires a broker to represent a relocating employee with a fixed-fee arrangement.