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Buyer-Broker Exclusive Employment Agreement • August 2024 • Copyright © 2024 Arizona Association of REALTORS
®
. All rights reserved.
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Document updated:
August 2024
BUYER-BROKER EXCLUSIVE EMPLOYMENT AGREEMENT
Buyer:
Broker:
Agent:
(“Buyer”)
acting through
(“Broker”).
FIRM NAME
AGENT’S NAME AGENT’S NAME
Agreement: This Buyer-Broker Exclusive Employment Agreement (“Agreement”) is between Buyer and Broker. In consideration of
Broker’s agreement to assist Buyer to locate, negotiate and facilitate the purchase of a property, Buyer gives Broker the exclusive
and irrevocable right to represent Buyer in the purchase of a property during the term.
Buyer acknowledges that signing more than one Buyer-Broker Exclusive Employment Agreement or similar agreement(s) could
make Buyer liable to compensate multiple brokers.
Term: This Agreement shall commence on and expire at 11:59 p.m. Mountain Standard Time, on
(“Expiration Date”).
Employment: Broker agrees to:
a. locate Property meeting the following general description:
q Residential q Land q Commercial q Other: (“Property”) within
the following geographical area(s): ;
b. negotiate at Buyer’s direction to obtain acceptable terms and conditions for the purchase, exchange, or option of the Property;
c. assist Buyer during the transaction within the scope of Broker’s expertise and licensing.
Agency Relationship: The agency relationship between Buyer and Broker shall be:
q as set forth in the Real Estate Agency Disclosure and Election form.
q Other:
Property Viewings: Buyer agrees to work exclusively with Broker and be accompanied by Broker on Buyer’s rst visit to any Property.
If Broker does not accompany Buyer on the rst visit to any Property, including a model home, new home/lot or “open
house” held by a builder, seller or other real estate broker, Buyer acknowledges that the builder, seller or seller’s broker may
refuse to compensate Broker, which will eliminate any credit against the agreed upon Broker Compensation below.
Buyer agrees to review the Arizona Department of Real Estate Buyer Advisory to assist in Buyer’s inspections and investigations.
BROKER COMPENSATION IS NOT SET BY LAW, NOR BY ANY BOARD, ASSOCIATION OF REALTORS®, MULTIPLE LISTING
SERVICE OR IN ANY MANNER OTHER THAN AS FULLY NEGOTIATED BETWEEN BROKER AND BUYER IN THIS AGREEMENT.
(BUYER’S INITIALS) /
Retainer Fee: (Check if applicable) q Buyer agrees to pay Broker a non-refundable retainer fee in the amount of $ ,
within ve (5) days or days of execution of this Agreement, which is earned when paid, for initial consultation,
research and other services. This fee q shall q shall not be credited against the Broker Compensation below.
Broker Compensation: If Buyer, or any entity owned or controlled by Buyer, closes escrow on a transaction for the purchase,
exchange, or option of a Property, Buyer agrees to compensate Broker as follows (“Broker Compensation”):
(CHECK ONLY ONE AND FILL IN THE COMPENSATION):
q % of the full purchase price or exchange value; or
q $ ; or
q other:
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Notice to Buyer: All REALTORS® are required to have a signed written agreement prior to showing a home to a buyer.
