Definition of Buyer's Agency Agreement:
Buyer's Agency Agreement/BanCorp Buyer’s Agent Direct in Orange County:
This is the document a soon-to-be buyer signs once the family decides to work with a BanCorp Buyer's Agent Direct. The OCAR’s Multiple Listing Service (MLS) has a standard buyer's agency form - but BanCorp Realty is also able to provide its own agreement listing the conditions of the relationship between the buyer's agent, our brokerage and the prospective buyer. Prospective buyers sign Orange County buyer's agency agreements to ensure that the brokerage and the buyer's agent are compensated if a sale occurs. The average length of the agreement varies, but usually lasts 3 to 12 months. Buyer's agency agreements also list the conditions of a dual agency policy. Dual agency occurs when an agent represents both the buyer and the seller in the same transaction. A BanCorp South Orange County REALTOR® won't act as both the buyer and the listing agent on a transaction, but you can work with a BanCorp Orange County Real Estate Agent to buy a BanCorp listing.