What agreement does a broker use to seek a paid commission from a buyer?

A broker uses the Exclusive Buyer Brokerage Agreement to seek a paid commission from a buyer. This type of agreement establishes a formal relationship between the broker and the buyer, where the broker agrees to represent the buyer's interests in the real estate transaction, usually in exchange for a commission. The agreement ensures that the broker works exclusively for the buyer, giving the buyer confidence that their needs are prioritized throughout the home-buying process.

By having this agreement in place, the broker is legally entitled to receive a commission when the buyer purchases a property, assuming the terms of the agreement are met. This arrangement provides clarity and accountability in the relationship, making it distinct from other types of agreements that might not specifically focus on buyer representation or commission entitlement in such a direct manner.