A Buyer’s Representation Agreement (BRA) is a contract between a prospective homebuyer and a real estate agent or brokerage. It outlines the terms of their working relationship, ensuring both parties understand their roles and responsibilities.

Key Points:

• Agent Commitment: The BRA commits the agent to represent the buyer exclusively, providing guidance and expertise throughout the homebuying process.
• Buyer Commitment: In return, the buyer agrees to work with the specified agent or brokerage, waiving any commissions owed to other agents who may have introduced them to the property.
• Geographical Boundaries: The agreement may specify the region where the agent will work for the buyer, ensuring continuity if the buyer decides to explore properties beyond a particular area.
• Commission Entitlement: The BRA ensures the buyer is entitled to a commission if they purchase a property through the agent’s efforts, even if the sale is negotiated directly with the seller.

Why Sign a BRA?

Signing a BRA commits both parties to a mutually beneficial relationship, providing:

• Clarity on the agent’s obligations and the buyer’s expectations
• Protection for the agent’s time and expertise
• Assurance for the buyer that the agent will work diligently to find their ideal property

While not mandatory in all jurisdictions, signing a BRA is recommended to establish a strong working relationship and ensure a successful homebuying experience.