A Buyer Broker Agreement is a written contract between a Buyer and a Broker that gives the Buyer representation in a real estate transaction. After consumers have read, understand, and sign the consumer notice they will be asked if they want to enter into a business relationship with the agent. By signing the Buyer Broker Agreement, consumers hire the agent to work for them and look out for their best interests in a transaction. The licensee now has a fiduciary responsibility to the Buyers. Pennsylvania law requires that a business relationship between Buyers and Broker be in writing and signed by the Buyers.
28 Apr