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Woburn's Best
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    • $250,000-$500,000
    • $500,000-$750,000
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    • Why use a buyer Agent
    • Exclusive buyers agreement
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    • The offer process
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    • What is my home Worth?
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John Donnelly
857-523-2787
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Woburn's Best
  • Home
  • About
  • Home search
    • Properties in Woburn
    • Featured Listings
    • $250,000-$500,000
    • $500,000-$750,000
  • Financing
  • Buyers
    • Why use a buyer Agent
    • Exclusive buyers agreement
    • The search process
    • The offer process
  • Sellers
    • What is my home Worth?
    • Why list with the Donnelly Group
    • Listing check list
  • Testimonials
  • Resources
    • Contacts list
    • Winter parking
  • Contact
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Woburn's Best

What is an Exclusive Buyers Agent Agreement?

When it comes to Real Estate Transactions in Massachusetts, there are listing agents (working on behalf of the seller) and Buyers Agents, (working on behalf of the buyer). When buying real estate, if you are working with a Realtor you are a customer until a contract is signed. Once a contract is signed, you are now a client.

There are many advantages in being a client over a customer. As a Client, I have a Fiduciary responsibility to you. This is my legal / ethical relationship of trust with you. I put a lot of hard work and time researching for my clients and in order to minimize the risk of doing it all for nothing, I typically require this agreement to be signed. 

As mentioned previously, my services are done at no cost to you. As a buyers agent, I make a small percentage on the Commission fee's from the seller. 

The Exclusive Buyer Agency agreement is simply an agreement that you are going to "hire" me to be your realtor and not use anyone else.  This guarantees that I won't put in a large amount of work, only for you to use another realtor. Even if we don't find a house or you decide not to move, it still costs you nothing.  Because of this, this agreement is almost a standard practice for realtors and is a reason why the Greater Boston Association of Realtors made this form.

 

If you have any questions about this form, please feel free to contact me.

ABR
MRP
PSA
Realtor
SRS
ABR
MRP
PSA
Realtor
SRS

Office

John Donnelly, RealtorⓇ
132 Pleasant StreetWoburn
MA 01801
JDonnelly@c21ne.com

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Consumer Protection & Privacy

  • ©2018 by John Donnelly, Realtor®. 254 CMR 3.00 Professional Standards of Practice Section 9(b) Disclaimer: John Donnelly is a Massachusetts Licensed Real Estate Salesperson and is Associated with CENTURY 21 North East®, a Brokerage Company.
  • CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
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