Agreements
Understanding the Role of Written Agreements in Real Estate
Written agreements are a critical part of every real estate transaction. They define relationships, clarify responsibilities, and help protect the rights of all parties involved. Clear and properly executed agreements promote transparency and reduce the risk of disputes.
Common Types of Real Estate Agreements
01
Listing Agreement
A written contract between a property owner and a real estate broker that authorizes the broker to market and sell the property under specific terms and conditions.
02
Buyer or Tenant Representation Agreement
An agreement that establishes a professional relationship between a buyer or tenant and a real estate broker or sales agent, outlining the scope of services and compensation.
03
Intermediary Agreement
An agreement that discloses and authorizes a broker to act as an intermediary when representing both parties in the same transaction, subject to legal requirements.
04
Subagency Agreement
An arrangement where a broker or agent represents one party (typically the seller) while working with another party, with all duties owed to the primary client.