The non-exclusive agreement outlines the broker's/agent's duties and obligations to the buyer, agency relationships, broker scope of duty and buyer obligations; however, it does provide for compensation. It also removes the buyer's responsibility to pay a commission if the broker / agent is paid by another party such as the seller.
The New Hampshire Non-Exclusive Buyer-Broker Agreement and Agency Disclosure is a legally binding contract between a buyer and a real estate agent that outlines the terms and conditions of their working relationship. This agreement is designed to protect the buyer's interests and provide clarity regarding the agency relationship. Under this agreement, the buyer grants the agent the authority to represent and assist them in the process of purchasing a property. It establishes a non-exclusive relationship, meaning the buyer is not limited to working exclusively with that agent. This agreement also includes an agency disclosure, which discloses the type of agency relationship the buyer and agent have. In New Hampshire, there are three primary types of agency relationships: 1. Seller's Agent: This type of agent represents the interests of the seller and works to secure the best terms and price for the seller. They have a legal obligation to provide full disclosure of any information that may affect the seller's position. 2. Buyer's Agent: A buyer's agent represents the interests of the buyer and works exclusively on their behalf. They provide guidance, advice, and negotiate on behalf of the buyer to secure the best terms and price for them. They have a legal obligation to provide full disclosure of any information that may affect the buyer's position. 3. Disclosed Dual Agent: In certain situations, a real estate agent may represent both the buyer and the seller. However, they must obtain the informed written consent of both parties before acting as a dual agent. In this case, the agent cannot advocate exclusively for either party and must treat both parties fairly and impartially. The New Hampshire Non-Exclusive Buyer-Broker Agreement and Agency Disclosure is an essential document to ensure a transparent and mutually beneficial relationship between the buyer and their real estate agent. By signing this agreement, the buyer acknowledges and understands the agency relationship and the agent's obligations towards them.
The New Hampshire Non-Exclusive Buyer-Broker Agreement and Agency Disclosure is a legally binding contract between a buyer and a real estate agent that outlines the terms and conditions of their working relationship. This agreement is designed to protect the buyer's interests and provide clarity regarding the agency relationship. Under this agreement, the buyer grants the agent the authority to represent and assist them in the process of purchasing a property. It establishes a non-exclusive relationship, meaning the buyer is not limited to working exclusively with that agent. This agreement also includes an agency disclosure, which discloses the type of agency relationship the buyer and agent have. In New Hampshire, there are three primary types of agency relationships: 1. Seller's Agent: This type of agent represents the interests of the seller and works to secure the best terms and price for the seller. They have a legal obligation to provide full disclosure of any information that may affect the seller's position. 2. Buyer's Agent: A buyer's agent represents the interests of the buyer and works exclusively on their behalf. They provide guidance, advice, and negotiate on behalf of the buyer to secure the best terms and price for them. They have a legal obligation to provide full disclosure of any information that may affect the buyer's position. 3. Disclosed Dual Agent: In certain situations, a real estate agent may represent both the buyer and the seller. However, they must obtain the informed written consent of both parties before acting as a dual agent. In this case, the agent cannot advocate exclusively for either party and must treat both parties fairly and impartially. The New Hampshire Non-Exclusive Buyer-Broker Agreement and Agency Disclosure is an essential document to ensure a transparent and mutually beneficial relationship between the buyer and their real estate agent. By signing this agreement, the buyer acknowledges and understands the agency relationship and the agent's obligations towards them.
