Simplified Explanation of the Buyer Broker Services Agreement

Buyer Broker Services Agreement Explained

Who is Involved:
- Buyer: The person or people buying the property.
- Broker: Meredith Amon, working with Bellator Real Estate, LLC.

Purpose:
- This agreement makes Meredith your exclusive agent to help you find and buy a property.

Duration:
- Starts when the last party signs and continues until you buy a property or until a specific end date, if mentioned.

What Meredith Will Do:
1. Honest and Fair: Meredith will act in your best interest and handle things honestly.
2. Loyal Representation: She will prioritize your needs over others involved in the transaction.
3. Careful Service: She will handle all aspects of the home-buying process with skill.
4. Safeguard Your Property: She will manage and protect any property or documents related to your purchase.
5. Timely Communication: She will keep you updated on everything related to your purchase.
6. Answer Your Questions: Meredith will provide answers to your real estate questions.
7. Confidentiality: Your private information will be kept confidential unless legally required to share it.
8. Full Disclosure: She will share all relevant information about properties and transactions with you.

What Meredith Will Help With:
- Understanding your needs and timeline.
- Finding and showing properties.
- Providing information about properties and the local area.
- Helping with financing and other services.
- Presenting and negotiating offers.
- Managing inspections, repairs, and other steps until closing.

Your Responsibilities:
- Work only with Meredith for your property search.
- Inform Meredith of this agreement if you contact other brokers or sellers.
- Be available for property viewings and provide proof of financing.
- Consult with Meredith before seeking advice from others.
- Understand that Meredith is not an expert in legal, tax, or structural issues and may recommend additional experts.

Additional Details:
1. Protection Period: If you buy a property shown by Meredith within 180 days after this agreement ends, you owe her a fee.
2. Fair Treatment: Both parties agree to avoid discrimination and follow fair housing laws.
3. Other Buyers: Meredith might represent other buyers and will not share their details with you.
4. Dual Agency: Meredith might represent both the buyer and seller in the same transaction with both parties' consent. This can limit her ability to represent either side fully.
5. Disclosure of Identity: Meredith will or will not share your identity with property owners based on your preference.
6. Outside Services: You’ll need to pay for any additional services you agree to.
7. Legal Fees: If there’s a legal dispute, the winning party may be awarded legal fees.
8. Hold Harmless: You agree to protect Meredith from any losses due to inaccurate information or other issues.
9. Jury Waiver and Venue: Any legal disputes will be handled in Baldwin County, Alabama, and you waive the right to a jury trial.

Compensation:
- The details of Meredith’s compensation will be outlined in a separate agreement, which is negotiable.

Final Notes:
- This agreement, along with the compensation agreement and disclosure forms, is legally binding. It’s important that you review and understand all parts before signing.

Disclaimer: The information provided in this explanation of the real estate agreement is believed to be accurate but is not guaranteed. It is intended for general informational purposes only and should not be considered legal advice. For specific legal concerns or questions about the agreement, we strongly recommend consulting with a qualified legal professional.

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