Buyer Agreement Comparison


Since One is Now Required,
We are Committed to Using the One that is Best for You!


Feature Exclusive Buyer Brokerage Agreement Property Pre-Touring Agreement Showing Agreement Prospective Buyer/Tenant Retainer Agreement
 
Purpose Formal agreement for exclusive buyer representation. Agreement to tour properties with no obligation to purchase. Agreement to tour and negotiate specific properties. Agreement to retain broker services for finding a property to buy or lease.
 
Broker’s Role Assist in locating properties, negotiating, and closing transactions. Help tour mutually agreed properties during a set period. Assist in touring, negotiating, and closing on specific properties listed in the agreement. Assist in locating and acquiring suitable real property, either for purchase or lease.
 
Your Role Work exclusively with the broker; cooperate in property search and negotiations. No obligation to purchase; simply tour properties with the broker. Work exclusively with the broker for the specific properties listed; cooperate in property search and negotiations. Engage the broker to assist in property search and acquisition; pay a retainer fee.
 
Compensation (Who Pays the Broker) Broker earns compensation if any property is purchased or leased during the agreement’s time periods. May be reduced or eliminated by funds paid by the seller. No compensation due at this stage; terms outlined if you proceed with a purchase. Broker earns compensation if a property listed in the agreement is purchased or leased during the agreement’s time periods. May be reduced or eliminated by funds paid by the seller. Non-refundable retainer fee due upon signing; broker may earn additional compensation from a Seller or Seller’s agent if a transaction occurs.
 
Retainer Fee Retainer fee may be required; non-refundable. No retainer fee required. Retainer fee may be required; non-refundable. Non-refundable retainer fee required upon signing.
Fair Housing Compliance Adheres to Fair Housing laws. Adheres to Fair Housing laws. Adheres to Fair Housing laws. Adheres to Fair Housing laws.
 
Term & Termination Specific start and end date; extends if a transaction is in progress. Valid for a set number of days; expires after the period ends. Specific period; automatically extends if a transaction is in progress. Specific start and end date; expires after the period ends.
 
Dispute Resolution Mediation first, then possible arbitration or legal action. Not specifically mentioned. Mediation first, then possible arbitration or legal action. Not specifically mentioned.
 
Legal and Professional Advice Recommends consulting professionals for specialized advice. Not specifically mentioned. Recommends consulting professionals for specialized advice. Not specifically mentioned.
 
Other Notes Buyer is responsible for informing broker about any property inquiries or interactions with other agents. If you choose to proceed with purchasing a property, a separate agreement may be required. Broker may work with other buyers interested in the same properties, but won’t disclose details of your offers. Retainer fee does not cover any rental information list; compliance with Florida Statutes.
 
Please Click on Any of the Links Below to Download the Document.
Exclusive Pre Touring Showing Agreement Prospective Buyer/Tenant


How to Use This Table:


  • Review each agreement to understand the broker's role, your responsibilities, and how compensation works.
  • Compare the agreements to determine which one aligns best with your current stage in the property search and your needs.
  • Consider the financial obligations such as retainer fees and potential compensation responsibilities.
  • Ask questions if any part of an agreement is unclear or if you need more detailed advice based on your specific situation.

 

Confused? I understand! Give me a call on my personal cell (941.400.8735). Let's work together to find the best agreement for you!