Templates
Property management
Real Estate Broker Agreement

Real Estate Broker Agreement

A Real Estate Broker Agreement is a legally binding contract that establishes the terms under which a licensed real estate broker provides services to a client, whether they are buying, selling or leasing property. This agreement delineates the responsibilities of both parties, including the broker's duties, compensation structure, duration of the contract and specific obligations to ensure a transparent and efficient real estate transaction.

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Real Estate Broker Agreement outlining terms between a property owner and a broker for property transactions

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Frequently asked questions

A Real Estate Broker Agreement serves as a formal contract between a client and a licensed real estate broker, defining the scope of services the broker will provide in facilitating the purchase, sale or lease of a property. This agreement specifies key elements such as the type of representation, the broker's duties—including marketing the property, conducting market analyses and negotiating on behalf of the client—the compensation arrangement, which may be a commission or flat fee, and the duration of the agreement.
A Real Estate Broker Agreement must be completed by the property owner or buyer seeking brokerage services and the licensed real estate broker representing them.
A Real Estate Broker Agreement Template is kept on record by the involved parties and may need to be submitted to a real estate firm or brokerage office. In some cases, local real estate boards or regulatory agencies may require a copy for compliance purposes.

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