Buyer Agency Agreements/Buyer Broker Agreements
Are you looking to buy a home in Maryland, Virginia, or Washington, DC? Coakley Realty can help make your dreams of homeownership a reality. As qualified experts in the field, you can trust us to offer professional advice and help you navigate the process of searching for and buying the perfect home for your family.
While often under-utilized in the real estate industry, we recommend entering into a buyer broker agreement. We are proud to offer buyer broker representation, allowing you to put your full confidence in the knowledgeable, experienced real estate broker by your side.
What are Buyer Broker Agreements?
A buyer broker agreement—also known as a “Buyer Agency Agreement” in DC and Maryland and an “Exclusive Right to Represent Buyer Agreement” in Virginia—is a contract between the potential buyer of real property and a real estate broker. Buyers sign in order to establish a working relationship with their realtor.
The agreement is not intended to make buyers nervous—on the contrary, it protects buyers and ensures their real estate agent is working in their best interest, not the seller’s. In short, a buyer broker agreement helps you take advantage of the full value of your realtor.
Coakley Realty is dedicated to providing you with the best home-buying experience possible! To learn more about signing a buyer broker agreement with us, please contact us online or call 301-340-8700.
and commercial real estate
Benefits of Buyer Broker Representation
With a buyer broker agreement, you can rest assured that your needs and interests are protected at all times. Buyer broker representation from Coakley Realty includes access to the following:
- Ideal home matches on the market, as well as exclusive properties that haven’t been listed yet
- A network of experienced, established, and trusted lenders
- Smart home-buying strategies and professional negotiations on your behalf
- Assistance with the settlement process, including home inspections, financing, appraisals, and more
- A team of trustworthy brokers who are legally bound to confidentiality and will never divulge any of your information with the seller
Learn more about the benefits of buyer broker representation—contact us today!
Frequently Asked Questions
What is the typical term length?
Buyer broker agreements usually last six months or a year. An early termination section of the agreement outlines the amount the buyer owes if they terminate the agreement early without the required advanced notice.
What’s the difference between designated and dual representation?
Designated representation means your agent is allowed to show you the properties they have for sale, as well as other properties from the brokerage they represent. Dual representation means you agree only to see the properties your agent has listed. This means a single agent represents both the buyer and the seller. Whichever option you choose will be fully disclosed in the agreement before you sign.
- Have other questions about buyer broker agreements? Contact us today to learn more.
Why Choose Coakley Realty?
The experienced real estate team at Coakley Realty has been serving Maryland, Virginia, and Washington, DC since 1989. We have an all-encompassing knowledge of the local housing market and can help make buying a home as smooth and enjoyable as possible. Whether you’re hoping to purchase your first home or move your family from one home to the next, our comprehensive real estate services are sure to meet your needs.