Buyers want to know what this buyer's agency agreement is that realtors keep asking them to sign.
A buyer’s agency agreement is a contract between you and a real estate agent that outlines how the agent will represent you in purchasing a property.
In simple terms, it says:
• The agent works for you (not the seller), with a duty to act in your best interest.
• Scope of services: finding homes, scheduling showings, advising on price, negotiating, and guiding you through closing.
• Exclusivity: Many agreements require you to work only with that agent for a set period.
• Compensation: explains how the agent gets paid (often from the seller’s side, but terms can vary).
• Duration: how long the agreement lasts and how to cancel it if needed.
Why it matters: it protects both you and the agent. You get dedicated representation and confidentiality; the agent gets assurance you won’t use someone else after they invest time in helping you.
Before signing, check the length, cancellation terms, and any fees so there are no surprises.