Buyer Representation Agreement
A written agreement documenting that a broker represents a buyer, and a common place to obtain intermediary consent.
Quick flashcard
What does Buyer Representation Agreement mean on the Texas real estate exam?
Answer: A written agreement documenting that a broker represents a buyer, and a common place to obtain intermediary consent.
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Buyer Representation Agreement definition
A buyer-representation agreement documents the broker's representation of a buyer. It sets out the services, the term, whether it is exclusive, and the compensation arrangement. Agency may also arise through an oral agreement or conduct, while Sec. 1101.563 separately requires a written agreement before specified residential-buyer showing or offer activity.
It also does double duty for intermediary practice: under Sec. 1101.559(b) a buyer-representation agreement authorizing the broker to act as intermediary is sufficient to establish written consent, provided it sets out the Sec. 1101.651(d) prohibited conduct in conspicuous bold or underlined print.
Source basis
Definition checked against the official sources below on .
On the exam
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Tested in
Texas Agency & Intermediary (11 of 40 Texas State Law)
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