Browse the forums by „exclusive agent agreement“ or similar terms to see other discussions, as you are not the first poster to submit such an agreement. In the VA Commonwealth, the law requires having a written „buyer`s agreement“ signed by the buyer and broker when the search begins. Your agent arrives too late to get this to you, but a written agreement is required. The agreement must have a launch and end date and clarify the terms of the agreement, but of course most of the terms are negotiable. The exclusive buyer`s agreements cover all real estate that a buyer buys over a specified period of time. If a buyer was considering an FSBO alone, a commission would be owed to the buyer`s representative (unless excluded) and the buyer would be required to pay the fee. As I mentioned earlier, an agent must have an authorization to bring a client onto a property, if that agent goes on the property, they get permission to show and will try to get a pricing agreement, but if the agent never goes on the property and the buyer buys, the buyer is responsible for paying the commission due. I would not sign a long-term agreement with a buyer broker. People should trust each other without engaging in long-term legal channels. It`s about relationships. If I find out that a buyer is not honest with me, it`s a strike and your way.

Too many buyers out there looking for service and relationship to manage games. A representation contract is usually for an agent representing a buyer if a property is not mentioned, for example. B an FSBO, and the owner of the property must give an agent permission to bring more on the property. These can be concluded with special agreements on who will pay a commission, the buyer or seller can give his consent to the agent. These do not place an agent in an agency relationship with the owner, but give only permission, as mentioned. An exclusive offer for an agency relationship requires the client to use that agent only for all transactions they can make over a period of time. These may have restrictions, such as. B excluded potential buyers or excluded real estate, and other agreements could be entered into, such as. B the payment of certain allowances to this agent and the possibility of paying other agents the usual commission for an exclusive listing agreement, for example. B 12 properties. Listing agreements are usually for 6 months, it depends on the market and can be longer. A broker will usually be no less than 6 months, but can be if they are in a market with expected quick turn-arounds or sales.

Joel makes a good point so that the agent knows that you are working with other agents. With respect to this agreement, I would consider 90 days as a maximum agreement and I should apply to property if it is the cause. The agency can only exist in UC by written agreement, purchase or sale, if an „agent“ does not agree to act, they are not in any agency relationship. So, yes, they must have an agency contract, a buyer`s contract or a list contract, there are also „agreements to show“. @Paul Ewing is my situation with a home buyer. Both cities are located on different sides of the bay. Personally, I prefer not to work tampa, but for an owner, it wouldn`t be that important. If you have seen properties with other agents, I am surprised that they did not ask you to sign an agreement.

The short answer to your question is, yes, it is technically prescribed by law in Virginia to sign a buyer brokerage contract if a substantial interview takes place on the representation of you.