There are two types of Buyer Agency contracts. They are “Non-exclusive Buyer Agency” and “Exclusive Buyer Agency”
In “Non-exclusive Buyer Agency” you agree to work with the agent only on the properties he shows you, and to make the offer on the property you choose to purchase through him. There is no Brokers fee that may be charged to you unless you sign an additional agreement that specifies the terms of the compensation to the Broker, except for the situation described in the last paragraph of this section.
In “Exclusive Buyer Agency “ the contract applies to any property that the Buyer purchases and specifies the amount of compensation the Broker is to receive in the event of a sale.
In either situation, any offers that you make on properties that you viewed with an Agent that you have a Buyer Agency Contract with, should be made through that Agent. The Buyer Agency contract is a two-way proposition. In addition to the agents having a fiduciary responsibility to the Buyers, the Buyers agree to be loyal to their agent. This helps to prevent situations where agents show Buyers properties over several weeks only to have another agent such as “Uncle Louie” or “their brothers best friend” present an offer to the Sellers on one of the properties they viewed with their agent.
In the event that you would use a different Agent to present an offer on properties that you viewed with your Buyer Agent, and it is accepted, you may be liable for paying the commission for the “Buyer Agent”.