A Buyer Brokerage Agreement is a contract an agent has with their buyer. It identifies how the agent will get paid for representing their buyer and locks them into an exclusive arrangement with that agent. If you do not intend to have the agent represent you and be charged the knock-on fees associated with that agent, do not sign this document.
It may come as a surprise to many buyers, that agents are not free! Rather, often the seller pays the fee to the buyer's agent. To learn more about how commissions work check out our blog.
To see a transparent commissions calculator and understand exactly who gets what check out our calculator.