Buyers Representation Agreement

A written document which establishes an agency relationship between a real estate broker and a buyer.  The document specifies a time period for the relationship and creates exclusivity.  That means that the buyer agrees that for a specific period of time (usually for a specific home purchase or for a few months) the buyer will be working only with the designated broker in searching for a property.  The agreement also delineates the responsibilities of the broker to the buyer.