Buyer Broker Webinar

Date: Monday, June 17, 2024
Time: 9am-10am AKT

A buyer broker agreement in real estate is a contract between a prospective buyer and a real estate broker or licensee. This agreement outlines the duties and responsibilities of both parties during the home buying process.

Real estate licensees should take this course on the Buyer Broker Agreement form to deepen their understanding of its complexities and the significant benefits it offers to all parties involved. Mastery of this agreement not only enhances a licensee's professionalism but also equips them with the knowledge to protect their clients' interests effectively.

By comprehensively understanding how the agreement outlines the duties of the broker, the rights of the buyer, and even the indirect benefits to the seller, agents can facilitate smoother transactions, foster trust, and improve their negotiation strategies.

Additionally, this course will empower licensees to articulate the importance and advantages of the agreement to their clients, thereby supporting informed decision-making and fostering stronger client relationships. This education is vital in navigating the competitive real estate market, ensuring licensees can offer the highest standard of service and legal compliance.

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This special presentation will focus on how to present the buyer broker agreement to clients. Don't miss out! Register today!

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Here are some key aspects of a buyer broker agreement:
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    Broker's Duties

    The agreement typically specifies the broker's obligations to the buyer, such as making efforts to find suitable properties, arranging viewings, and providing relevant market information and advice.

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    Buyer's Duties

    The agreement may also outline the buyer's responsibilities, such as working exclusively with the broker during the term of the agreement, and being open and honest about their financial situation and property preferences.

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    Duration

    The contract will state its term, specifying the start and end dates of the agreement. This period can vary but is typically for a few months.

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    Compensation

    Details on how the broker will be compensated for their services are included. Often, the broker's commission is paid by the seller at closing, but the agreement may specify circumstances under which the buyer would need to pay the broker directly.

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    Exclusivity

    Many buyer broker agreements are exclusive, meaning the buyer agrees not to hire another broker during the term of the agreement. Non-exclusive agreements are also possible but less common.

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    Termination

    The agreement will outline conditions under which either party can terminate the contract before its expiration date, including any notice requirements and potential penalties or costs.

This contract serves to protect the interests of both the buyer and the broker, ensuring that the broker is compensated for their efforts in helping the buyer find a property, and that the buyer receives the dedicated services of the broker. It's important for buyers to read and understand all terms of the agreement before signing, and to discuss any questions or concerns with the broker.

Only $149

$129

for a limited time

Buyer Broker Role and Agreement Support Tools

Billions of dollars in damages and settlements against the real estate profession means you need to take the implementation of a written buyer brokerage agreement policy and documentation standard seriously! Immediately!

Here's what you get:

  • Smart Choices video: The definitive guide to explain the relationship between real estate professionals for over 30 years
  • Smart Choices transcript
  • Class Action Lawsuit video: real estate professionals need to be informed on what changes they need to make and the extent of the various lawsuits and how it impacts them.
  • Class Action Handout: This handout helps you follow along with the Class Action Lawsuit Video to help you grasp the seriousness of the threat to the real estate market and profession
  • 1-Hour Overview Video on the Buyer Broker Relationship and Agreement
  • Documentation of the 1-Hour Comprehensive Video on the Buyer Broker Relationship Video
  • 45-Minute Video on the Buyer Broker Agreement
  • Master Transcript of the Buyer Broker Agreement Video
  • Essential Buyer Broker Representation Agreement Form
  • 22-Minute Role Play Presenting the Buyer Broker Agreement Video
  • Buyer Broker Agreement Video Role Play Transcript
Get 1-Hour Alaska ECE credits for the webinar!

Only $20!

You Get These BONUSES:
  1. On demand access to the 45-Minute Overview Video on the Buyer Broker Agreement
  2. Full transcript of the 45-minute video
  3. Smart Choices video: Real Estate Relationships
  4. Full Smart Choices Transcript
  5. Sample Copy: Essential Buyer Broker Representation Agreement Form
  6. 1-ECE Alaska specific credit hours
or
Get 2-Hours Alaska ECE credits!

Only $40!

You get all of this:
  1. On demand access to the 45-Minute Overview Video on the Buyer Broker Agreement
  2. Full transcript of the 45-minute video
  3. Smart Choices video: Real Estate Relationships
  4. Full Smart Choices Transcript
  5. Sample Copy: Essential Buyer Broker Representation Agreement Form
  6. 1-Hour Overview Video on the Buyer Broker Relationship and Agreement
  7. Full transcript of the 1-Hour Overview Video on the Buyer Broker Relationship and Agreement
  8. 2-ECE Alaska specific credit hours

Providing you with the quality continuing education course you have come to expect to receive from Royse and Associates, these elective credit classes provide you with the essentials of understanding the Buyer Broker Agreement and is approved for Alaska real estate continuing education.

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