#1 BUYERS who require anonymity, such as famous or wealthy people or corporations moving into the area.

RELATIVES

CLOSE FRIENDS

CLOSE BUSINESS ASSOCIATES OR PARTNERS

BUYERS WHO WANT TO BE REPRESENTED

FORMER CLIENTS AND FORMER CUSTOMERS

FIRST TIME BUYERS WHO NEED HELP

OUT-OF-TOWN BUYERS WHO NEED HELP WITH PROPERTY VALUES AND LOCATION

#2 BUYER REPRESENTATION AGREEMENT

A BUYER representation agreement provides for the exclusive right to represent the BUYER for a certain period of time, to assist the BUYER in locating real property of a specific nature and to negotiate terms for its acquisition acceptable to the BUYER. The form also includes clauses such as possible dual agency, possible conflicts with other BUYER CLIENTS, compensation options, optional retainer fees and binding arbitration.

#3 DISCLOSURES TO LISTING BROKER, SELLER AND CLOSING (ESCROW) AGENT

In a transaction in which the Broker represents a BUYER, the Listing Broker should be informed of the BUYER-BROKER arrangement @ first contact, again @ the time the appointment is made and once more when the offer is presented. The Closing Agent should also understand the representation arrangements.

#4 COMPENSATION

Payment of commission does not necessarily establish Agency. It makes no difference who pays the commissions....the Seller, the BUYER, or both. Commissions are disbursed @ Closing as part of the transaction as any other Closing Cost. The Closing Document should clearly show two commissions....one marked "on behalf of the Sellers" to the Listing Office, the other marked "on behalf of the BUYERS" to the Selling Office.

#5 ADVANTAGES OF BUYER BROKERAGE

Minimum legal risk

No liability for Sub-Agents

Closer control over BUYERS

No marketing expenses