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TERM OF AGREEMENT

This Agreement shall be in effect from _ _ _ _ _ _ _ _ _ _ _ , 20_ _ until
_ _ _ _ _ _ _ _ _ _ , 20_ _ .
 
SERVICES/PAYMENT
As used in this Agreement, the terms:

   Agent, or his assignee, will act as Client's agent to:

1. Use professional knowledge and skills as well as services of any appropriate cooperating agencies toward the location and presentation of real property which is available for purchase and suitable for Client's needs as stated above;
2. Assist Client through the entire process of property acquisition; and
3. Negotiate for and act in the Client's interest in all Buyer Agency transactions.

In acceptance of this Agreement, Client will:

1. Work exclusively with Agent during the term of this Agreement.
2. Furnish Agent with necessary financial information to reasonably establish Client's ability to purchase property.
3. Pay to Agent a Fee based on a Fee of Three percent (3%) of the purchase price, of any real property of the nature described above purchased by the Client, or by any entity in which Client has an interest, during the term of this Agreement.

Agent agrees to the following terms and conditions:

1. Agent will provide the clients with appropriate contact phone numbers with which agent can be reached 7 days a week.   Agent will return phone calls from Client in a timely fashion.
2. Agent will provide the Client, as requested, with all MLS available information, property addresses etc.. to facilitate the Clients house search
3. Agent will identify for the Client when permitted, homes which agent knows to be coming on the market, in advance of said information being made available to the general public
4. Agent will express to the Client an honest and professional opinion of the suitability and value of a particular property.

Client likewise agrees to the following terms and conditions. These terms are designed to enable the Agent to provide maximum service to the Client, while ensuring that no additional fees are paid by the Client for this service.

1. Client agrees to contact Agent with respect to all inquiries of a Real Estate nature. Since Client will have multiple phone numbers to reach Agent 7 days a week, this should be a simple proces.
2. Client acknowledges that calling other agents on advertisements, popping into open houses, or stopping into new construction sites is not recommended.  This can inadvertently result in the refusal of the Seller to acknowledge the Agent as being entitled to a fee, thereby obligating the Client to pay out of pocket.
3. If the Client does come into contact, in person or by phone with other Agents, Client shall properly express to them that they "...already have a Clients Agent."

The Client shall pay Agent the fee as specified in Paragraph  above if at any time during this Agreement or in the Ninety (90) days following expiration or termination of this Agreement, Client enters into a purchase, exchange, option or rental agreement on any property which Agent or Client has located. Fees as set forth in Paragraphs 3 shall be earned, and deemed to be due and payable when a property is located that is owned by a seller who is ready, willing and able to sell, or otherwise convey an interest in the property upon terms which are acceptable to Client as evidenced by Client entering into a purchase, option, exchange, lease or trade agreement with such Seller. However, upon execution of such contract, Dreamhomes agrees to defer the Agentage fee as set forth in Paragraph 3 until the settlement date stated in the contract with Seller. Deferral is agreed to solely as an accommodation to the Client and in no way shall be construed as a waiver or release of Client's obligation to pay the Agentage fee.
 

Disclosed Dual Agency

In the event that the client wishes to purchase a property listed by Dreamhomes, the Agent enters into an area of practice called Disclosed Dual Agency.  In this relationship, the Agency is essentially representing both parties in the transaction with the consent of all parties involved.

The agent will deal with the buyer and the seller impartially.
The Agent will have the duty of full disclosure to all parties except that:
1.The agent will not disclose that the Client is willing to pay a price or agree to terms other than contained in the offer,or that the seller is willing to accept a price or terms other than is stated in the listing.
2.The agent will not disclose the motivation of the Client to buy or the seller to sell unless authorized buy the Client or the seller.
3.The agent will not disclose personal information about either the Client or the seller unless authorized in writing.
4.The agent will disclose to the Client defects about the physical condition of the property known to the agent.

Purchaser

Print Purchaser's Name

Co-Purchaser

Print Purchaser's Name

Purchaser's Address

Phone

date                                           Agent Signature