Updated August 02, 2023
A Texas buyer agency agreement is a contract between a real estate agent and a home buyer which outlines the agent’s responsibilities, services, and required compensation. Although these agreements are usually exclusive, they can also be non-exclusive which allows the client to seek additional representation. If a property is purchased during the course of the contract, the agent will receive a commission which is usually a percentage of the purchase price but may also be a set fee instead. Once both parties have signed the document, they will be bound to the contract until the contract is fulfilled or upon its termination date.
Disclosures
Agency Disclosure Form (§ 1101.558) – Real estate licensees must give potential clients a disclosure form that explains the broker’s responsibilities, as well as the various types of brokerage relationships that are available.
Realtor Version
Texas Association of Realtors – PDF