Updated February 01, 2024
An Alabama buyer agency agreement is between a client and a real estate agent that agrees to represent them when engaging with other parties to purchase real estate. The agent’s purpose is to find properties to the satisfaction of the buyer, negotiate a better sales price, and at the closing collect their compensation in the form of a commission. If the property being purchased by the buyer is listed with another agent, the buyer’s agent will commonly split the commission as stated in the listing party’s agreement with the seller.
Disclosures
Consumer Information Booklet (§ 34-27-82(c)) – Defines agent-client relationships under the laws in Alabama and is required to be signed at the time of signing a buyer agency agreement.
Realtor Version
Huntsville Area Assoc. of Realtors – PDF