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Is there a form to be signed when the buyer wants to repres?

Buyer wants to represent themselves on a transaction, is there a form to be signed so that the Listing Agent is covered?
Asked By Greg Jones | San Antonio, FL | 272 views | Buying | 7 months ago
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Pro
108 Answers
Julianne Clark | Your Lowcountry Compass

Charter One Realty

(47)

Everything in a real estate transaction should be in writing and agreed upon by signing & dating by both parties in the transaction. What should be listed is -- what will be done, by whom, by when and who will pay. This covers both parties. Talk to your listing agent and/or your attny.
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Semi-Pro
75 Answers
Amanda Courtney

REP Realty Group

(8)

Yes. Most states require a “No Brokerage Relationship” or “Buyer Acknowledgment” form that confirms the buyer understands they’re not represented by an agent. It protects both parties and clarifies that the agent owes no fiduciary duties to the buyer.

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Novice
5 Answers
Drayton Herold

KW Elevate Luxury

(20)

Not sure if there is an official form from NAR, however I have used this one. Email me if you would like a copy of mine. It reads "
Unrepresented Buyer Form
Property _________________
NOTICE: A buyer is not required to have professional representation to purchase real estate.
Broker Commissions are not set by law and are fully negotiable.
Prospective Buyer(s) “Buyer” hereby declares that they do not have professional representation and have not entered into a representation agreement.
Prospective Buyer acknowledges the Agent is allocating time and resources and performing Broker Duties to facilitate the showing of the Property, and therefore should the Buyer choose to elect representation then Buyer shall be represented by Agent’s brokerage for the purchase of the Property.
Prospective Buyer hereby acknowledges, understands, and agrees with terms on this document."
Followed by signatures

Hope this helps
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Novice
4 Answers
Pennie Arneson

eXp Realty, LLC

(9)

I would consult your broker. Brokerages may have their own forms for this and can guide you through the process of what you can and can not do. This is usually only done if the buyer is an agent, or an attorney.

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