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:

• 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: https://www.nar.realtor/about-nar/governing-documents/the-code-of-ethics
  

  The Code of Ethics The REALTOR® Code of Ethics ensures that consumers are served by requiring REALTORS® to cooperate with each other in furthering clients’ best interests. Read the full Code of Ethics and Standards of Practice and access related resources and training. www.nar.realtor

• 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.