What Is a Buyer Brokerage Agreement?
A Buyer Brokerage Agreement is a simple, written contract between you and your REALTOR® that outlines how your agent will represent you throughout the home-buying process. Rather than relying on outdated, informal understandings, this agreement ensures both parties share clear expectations from day one.
By signing this document, you’re not locked into a long-term commitment—you’re simply formalizing the relationship so your agent can work confidently on your behalf.
Why It Matters Today
The National Association of REALTORS® now requires agents to engage buyers in writing before showing properties. This isn’t about red tape; it’s about accountability and clarity. With a signed agreement, you:
- Understand exactly how your agent will search for and present homes
- Know your rights regarding disclosures, negotiations, and confidentiality
- Gain transparency on commissions and fees before they ever come into play
This written agreement protects you, your agent, and the integrity of the transaction.
Your Options: Short-Term vs. Long-Term Agreements
You maintain full control over how long you work with your buyer’s agent. Common choices include:
- Short-Term Agreement: Ideal if you’re early in your search or testing the market. You get committed help for a defined period, then reassess.
- Long-Term Agreement: Best for buyers who know their timeline and want a steady advocate through every step, from the first tour to closing.
Either route leaves you free to move forward at your own pace—and to switch strategies if your needs change.
When Selling Agents Are Exempt
If you’re working directly with the listing agent (the “selling agent”), these Buyer Brokerage Agreements aren’t required. In that scenario, the listing agent is already representing the seller but can also show you the property. Make sure you understand exactly whose interests are being served, and don’t hesitate to ask for clarity.
Frequently Asked Questions
- Do I have to pay more if I sign an agreement? No. Commissions are typically paid by the seller, not the buyer. Your agreement simply clarifies how your agent will earn and apply their commission.
- Can I cancel or switch agents? Yes. Most Buyer Brokerage Agreements include easy-out clauses or defined end dates so you can change course if you’re not getting the service you need.
- What if I find a home on my own? Your agent will guide you through the purchase—reviewing contracts, handling negotiations, and coordinating inspections—regardless of how you spot the property.
Working with a Great Agent
At first, signing paperwork may feel unfamiliar, but a professional REALTOR® will walk you through every section of the agreement, answer your questions, and tailor the terms to your goals. Once you understand the process, you can relax, knowing that your agent is fully authorized to protect your interests and help you find your dream home.