Are you planning to purchase a property and considering working with a Keller Williams real estate agent? If so, it`s important to be familiar with the Keller Williams Buyer Agency Agreement.

The Buyer Agency Agreement is a legal contract between the buyer and their real estate agent. It outlines the terms and conditions of the relationship between the two parties, including the agent`s duties, responsibilities, and compensation.

One of the key components of the agreement is the agent`s fiduciary duty to the buyer. This means that the agent must act in the best interest of the buyer, putting their needs and goals above their own.

The agreement also specifies the commission rate that the agent will receive upon a successful transaction. Typically, this commission is paid by the seller`s agent out of the sale price of the property.

Another important aspect of the Keller Williams Buyer Agency Agreement is the exclusivity clause. This means that the buyer is committing to work exclusively with the Keller Williams agent for a set period of time, usually around six months. During this time, the buyer agrees not to work with any other real estate agents or brokers.

It`s worth noting that the exclusivity clause does not prevent the buyer from purchasing a property on their own without the agent`s assistance. However, if the buyer does end up purchasing a property through another agent during the exclusivity period, they may still be responsible for paying the agreed-upon commission to their Keller Williams agent.

Overall, the Keller Williams Buyer Agency Agreement is an important document that protects both the buyer and their agent throughout the home buying process. By understanding the terms and conditions outlined in the agreement, buyers can ensure a smooth and successful transaction with the help of their Keller Williams agent.