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New York Buyer Agency Agreement

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Updated October 24, 2024

New York buyer agency agreement is used to relay the terms and conditions of the relationship between a buyer of real estate and the broker that will represent them. The contract includes details about the agent's duties and responsibilities and establishes the compensation they will receive for their services.

Disclosures

Agency Disclosure Form – It is legally required that agents inform their clients, be it sellers or buyers, of the nature of their relationship and the rights and obligations the signing of an agreement would create.[1]

Dual Agency – A real estate agent is able to represent both parties if consent is provided by each individual.[1]

Sources

  1. RPP § 443