Craft Your Unique Buyer Value Proposition: Tips to Articulate Your Value
Download this two-step exercise to define your unique value proposition and craft a clear, compelling statement that sets you apart as a buyer's agent.
Your Home Buyer’s Journey:
A Visual Roadmap
Download our Home Buyer’s Roadmap to guide your clients through every step of the home buying journey. From the initial meeting and finding the perfect home to making an offer and closing escrow, this infographic provides a clear, visual representation of what to expect. It’s an essential tool to help your clients navigate the process with confidence and clarity.
Seamlessly Manage Buyer Transactions with Specific Buyer Forms
Single Property Buyer Broker Agreement
We believe in transparency throughout the purchase process, prioritizing the consumer to facilitate better conversations with their agents. Our eXp Single Property Buyer-Broker Representation Agreement form is designed to assist buyers from their first contact with an agent, clearly outlining the fee for services that the brokerage charges.
Buyer-Broker Representation Agreement
Additionally, we offer the eXp Buyer-Broker Representation Agreement. This form provides buyers with a detailed understanding of the terms of representation and the associated fees, ensuring they fully comprehend the commitment and value provided by their agent.
Direct Compensation From Seller
If your buyer client wishes to explore other compensation options, they can direct you to inquire about any available compensation and confirm what the Seller is willing to pay. To assist with this, we’ve created a form for agents to use, enabling Direct Compensation from the Seller.
Learn why eXp has created their own forms.
Frequently Asked Questions
How is th e Buyer-Broker compensation determined?
The Buyer-Broker compensation is determined between the Buyer and the Buyer-Broker. The fee is negotiable and there is no standard fee fixed by law.
How is the Buyer-Broker commission
The buyer-broker commission fee is paid directly to the buyer’s broker using funds collected at escrow. This payment can be sourced either from the buyer, the seller, or depending on the concessions agreed upon in writing.
What documentation do I need if the buyer of my listing is an Unrepresented Buyer?
eXp provides a form, Disclosure and Acknowledgement of Non-Representation . This form provides disclosure and acknowledgment that the buyer is not represented by a real estate agent.
What is the purpose of the Unrepresented Buyer section?
An Unrepresented Buyer is a buyer who chooses to not enlist the services of a buyer’s agent to purchase property. In such cases, it is crucial for the seller and eXp listing agent to negotiate and determine if any additional compensation is warranted and payable, should an Unrepresented Buyer submit an offer.
It was designed to assist Buyers with their first reach out to an agent and understanding the fee for service the brokerage charges. We believe in transparency in the purchase process for all parties, and being proactive regarding the changes happening this August 2024, eXp is focused on putting the consumer first so they can have a better conversation with their agent.
What if the Buyers want to look at more than one property?
There are several options. If there are only 1 or 2 properties, the additional address may be placed in the additional terms. Agents and their Buyer(s) may opt to “upgrade” to a more encompassing buyer broker agreement that would allow for more properties, longer time frame or specific zip code.
What if my state has a Buyer-Broker Representation Agreement, am I required to use this form?
No, the importance of this form was for intent or initial meeting opportunities. eXp’s goal is to help our agents earn trust and create opportunities for a more extensive conversation with a Buyer they are meeting for the first time.
