Saturday, April 27, 2024, 5:33 PM
Site: America's Real Estate Academy, Inc.
Course: America's Real Estate Academy, Inc. (AREA)
Glossary: Real Estate Glossary
B
buyer agency agreementis an employment contract. The broker is employed as the buyer's agent- the buyer. rather than the seller, is the principal.The purpose of this agreement is to find a suitable property. |
buyer's agentA residential real estate broker or salesperson who represents the prospective purchaser in a transaction. The buyer's agent owes the buyer-principal the common-law or statutory agency duties. |