Caution - Be aware that new homes , resale homes, land and rental properties are listed by agents who represent the owner.  These agents have certain responsibilities to the owner that are not afforded to you.  This could prove costly to you.  Employ a broker to protect your interests. 

The Buyer-Broker Exclusive Employment Agreement ("Buyer-Broker Agreement")

The Buyer-Broker Agreement is designed to be used when a buyer employs a broker to work with the buyer exclusively to locate property and negotiate terms and conditions acceptable to the buyer for the purchase, exchange, option, or lease of the property. The form describes the general method by which the broker will be compensated. Specific compensation terms may be addressed on the blank lines provided for "additional terms."

This form involves the explanation of the buyer's responsibilities. The buyer agrees to work exclusively with the broker and be accompanied by the broker on the buyer's first visit to any property. The buyer acknowledges that the broker may not be compensated by the seller or seller's agent if the broker does not accompany the buyer on the first visit to a new home/lot, resale property or "open house." The buyer also agrees to act in good faith, provide the information necessary to acquire the property and conduct any inspections that the buyer deems important. Further, the buyer acknowledges that pursuant to A.R.S. §32-2156, sellers, lessors and brokers are not obligated to disclose that the property being transferred is or has been: (1) the site of a natural death, suicide, homicide, or any other crime classified as a felony; (2) owned or occupied by a person exposed to HIV, diagnosed as having AIDS or any other disease not known to be transmitted through common occupancy of real estate; or (3) located in the vicinity of a sex offender ("Stigmatized Property Notice").

What your Buyer-Broker will do for you:

• Help you to understand all of the paperwork.

• Handle any problems which might arise during the entire transaction.

• Properly prepare any forms, contracts and disclosures which are required and see that those items are legally correct.

• Provide comparable sales data to help assure that you are paying the proper price for the property.

• Help you find the right property in the right location.

• Screen properties before your inspection to make sure they meet your needs.

• Guide you with regard to repairs that should be made.

• Show properties to you in a professional and effective manor.

• Negotiate all facets of the transaction in your best interests.

• Guide you in your selection of competent escrow/closing and title people.

• Guide you in your selection of financing options and mortgage companies.

• Oversee the entire closing process.

• See that the completion of the transaction is smooth right through to things such as obtaining the keys and possession of the property.

• See that all required disclosures are made.

• Suggest which professional inspections should be made on the property.

• Help you spot sellers who are attempting to take advantage of you.

• Help you to understand the use and limitations of escrow deposits.

• Advise you as to when you should seek the advice of an attorney.

• Make sure that the appraisal process is handled properly.

• Help you to understand the complete loan, escrow/closing and title process.

• Advise you on any books or publications that should be read before, during and after the transaction has closed.

• Help you to negotiate the best price available for all costs and fees related to the transaction.

• Advise you as to any inspections such as septic, well or soil, which might be applicable to the specific property in which you are interested.

• Help you recover any overages which are paid during the closing process.

• Properly handle the walk-through process with you prior to final closing.

• See that any repairs or requirements are met prior to the closing.

• Advise you as to any contractual changes which might be necessary prior to the closing.

• Advise you as to what course of action should be taken if the seller refuses to comply with the terms and conditions of the contract.

• Negotiate and deal effectively in your behalf with the seller, other agents, escrow/closing, title people, lenders and attorneys.

• See that each and every facet of the buying process is effectively and professionally handled in your best interest.