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Rhode Island Buyer Agency Agreement

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Updated October 24, 2024

A Rhode Island buyer agency agreement is a contract that is used when an agent is hired to act as a buyer's representative in purchasing real estate. The agent will assist the buyer in finding properties and negotiating a purchase agreement. In exchange, the buyer will compensate the agent for their services, typically in the form of a commission.

Disclosures

Agency Disclosure Form – Real estate agents are required to present this disclosure form to all prospective clients, who must sign the document before any confidential information is shared.[1]

Disclosed Dual Agency – An agent may only represent both buyer and seller in a real estate transaction if they have the written consent of both parties.[2]