Agency Representation:

  • Disclosure of Agency Relationship: The agency will disclose whether they are acting as a buyer’s agent, seller’s agent, or dual agent. This clarifies who their fiduciary duty lies with.
  • Client Responsibilities: As a client, you may have responsibilities like providing accurate information, cooperating with the agency, and following their guidance within legal and ethical boundaries.

Services and Fees:

  • Scope of Services: The agency will outline the specific services they will provide, such as property marketing, negotiations, and closing assistance.
  • Fees and Commissions: The agency will detail their fees and commissions, including the percentage of the sale price or a flat fee. They may also outline any additional charges for specific services.


  • Termination Clause: Both the agency and the client may have the right to terminate the agreement under certain circumstances, often with written notice.

Standard Clauses:

  • Standard legal clauses addressing disclaimers, limitations of liability, and dispute resolution may also be included.

It’s important to remember:

  • These are just general points, and the specific terms and conditions will vary.
  • You should always read and understand the terms and conditions of any real estate agency agreement before signing.
  • You may want to consult with a real estate attorney to review the agreement and answer any questions you may have.
  • National Association of REALTORS® (NAR) Code of Ethics:
  • Real estate commission disclosure requirements by state: This information can be found on the website of your state’s real estate commission or regulatory agency.

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