The Buyer’s Broker Agreement, Explained


  • Non-Exclusive / Not for Compensation
    • Buyer may hire more than one broker / agent to locate property
    • Buyer is not obligated to compensate the broker / agent
    • Buyer has the right to demand single agency
  • Non-Exclusive, Right to Represent
    • Buyer may purchase a property through another broker / agent, as long as the property is not a home introduced by the first broker
    • Buyer has the right to demand single agency
    • The broker / agent can receive a higher commission than the negotiable fee stated in the agreement if the seller elects to pay more and it is disclosed
  • Exclusive Right to Represent
    • Buyer cannot hire more than one broker / agent to represent them
    • The commission is negotiable
    • Buyer has the right to demand single agency
    • Buyer is not responsible for the commission if another party (such as the seller) pays it