Sample Buyer's Broker contracts

Buyer Broker contact

Retainer agreement: The undersigned client hereby retains the undersigned broker, for a period commencing And terminating at midnight of , for the purpose of locating real property of a nature outlined below and to negotiate terms and conditions for the purchase thereof, which is acceptable to Client.

Brokerage Fee: Client specifically promises to pay Broker as compensation for locating and negotiating the purchase of a property acceptable to Client a commission of % of the purchase price, plus % of the difference between purchase price and the asking price/market value/title insurance value; or a flat fee of Dollars. This money is to be paid if:

1. Client, or any other person acting for Client or in clientsís behalf, purchases, any real property of the nature described herein during the term hereof, through the services of broker or as presented by Broker.

2. Client, or any other person acting for Client or in Clientís behalf, purchases any real property within two years after termination of this retainer, which property Broker presented or submitted to Client during the term hereof and the description of which was shown to Client.

Client Obligation: Client cannot disclose to others the location and names of properties that are presented by Agent/Broker, Client must recognize that there are trade secrets and properties must be kept confidential. Should others wish to know about properties as disclosed to Client ó then Client must refer others to Agent/Broker.

Trading: If Client selects property that can be acquired through trade procedures, than an additional fee/commission of Shall be charged to Client, payable to Agent at final closing.

Agent/brokers obligations: In consideration of Clientís agreement set forth above, Broker agrees to use diligence in locating a property acceptable to Client and negotiate terms and conditions for the purchase of said property acceptable to Client. Exceptions to this diligence effort are:

Broker agrees that he will act for Client only and will not accept a fee from the seller, unless full disclosure thereof is made to client.

Agents expenses: Client agrees to pay Agent the sum of Delivery and receipt of which is acknowledged by the partiesí signatures to this contract; said sum shall be used for Agentsís expenses in locating potential purchase property. This sum is not refundable, but will be credited to Clientsís commission expenses on closing.

No Discrimination: Contract offered regardless of race, creed, sex, national origin, and age.

Additional terms and conditions:

Size:

Location:

price range

terms

special requirements?

Notice: The amount or rate of real estate co;mmisson is not fixed by Law. They are set by each Broker individually and may be gegotiable between the buyer and Broker

RECEIPT OF A COPY OF THIS AGREEMENT IS HEREBY ACKNOWLDGGED.

Date

Prepared by White Water Realty

signed Broker

signed Client, Address, Phone