In this article, I'll be going over, in brief, the Virginia Association of Realtors (VAR) buyer brokerage agreements in chronological order. This form is still present as of today, 2/5/23 in the 7/19 version. The below is not a full summary but provides more details where beneficial.
For a deeper dive into buyer brokerage agreements, go here.
The buyer brokerage terms include:
Exclusive or Non-Exclusive
Parties & Start Date of Agreement
Property Type (or address)
2. Term
3. Broker's Duties
4. Buyer's duties
5. Compensation
6. Dual/Designated Agency
7. Disclosure Regarding Dual Agency
8. Recordings within the property
9. Miscellaneous
10. Electronic Signatures
11. Wire Fraud Alert
12. Other Terms
Signatures & Broker Information
Related:
For the full brokerage agreement without some of the typical revisions I do, here it is, though be sure to look for any differences between the below and the actual agreement I send you (i.e. strike throughs of language & redactions added outside of the paragraph, input in section 1, 2, 5, & 12, etc.:
