Real Estate Broker Agreement

A Real Estate Broker Agreement serves as a formal contract between a client and a licensed real estate broker, defining the scope of services the broker will provide in facilitating the purchase, sale or lease of a property. This agreement specifies key elements such as the type of representation, the broker's duties—including marketing the property, conducting market analyses and negotiating on behalf of the client—the compensation arrangement, which may be a commission or flat fee, and the duration of the agreement.

A Real Estate Broker Agreement must be completed by the property owner or buyer seeking brokerage services and the licensed real estate broker representing them.

A Real Estate Broker Agreement Template is kept on record by the involved parties and may need to be submitted to a real estate firm or brokerage office. In some cases, local real estate boards or regulatory agencies may require a copy for compliance purposes.