September Form of the Month: OREF 050 Buyer Representation Agreement – Exclusive

FORM OF THE MONTH

We know we’ve discussed the OREF 050 — Buyer Representation Agreement — Exclusive before, but with the recent NAR settlement changes, it’s now mandatory for buyers to sign an agreement with an agent before touring homes. It’s essential to fully grasp the details of this agreement so you can clearly explain it to your clients. Be sure to check out our blog post on other recommended forms to include in your buyer’s presentation materials. This will help ensure your clients understand the process ahead and allow you to showcase your value

Do you have an idea or suggestion for a new form or edits to existing forms? We want to hear from you! Submit your ideas to our Forms Committee here.

Always check with your principal broker or legal counsel to ensure that you are following any policy requirements of your brokerage. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.