Analyzing the buyer representation agreement
Learn to explain to your buyer and tenant clients the provisions contained within the buyer representation agreement and tenant representation agreement.
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Tag: California real estate forms
Form-of-the-Week: Designated Officer Employment Agreement, and Real Estate Team Agreement — Forms 511 and 512
A corporate broker uses RPI Form 511 to establish a corporate broker-officer’s duties and fee schedule for earnings as designated officer of the real estate corporation and licensees held under the same broker use RPI Form 512 to form a real estate team and establish each team member’s responsibilities and fee sharing.
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Form-of-the-Week: Natural Hazard Disclosure Statement and Fire Hardening and Defensible Space Disclosure Statement — Forms 314 and 314-1
A seller agent uses the Natural Hazard Disclosure Statement to disclose the existence of natural hazards on the sale of any type of real estate to a prospective buyer and the Fire Hardening and Defensible Space Disclosure Statement when the property is in a high fire hazard severity zone to disclose retrofits, local vegetation management ordinances and fire hardening measures the buyer is to consider.
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Form-of-the-Week: Modification of Representation Agreement and Release and Cancellation of Employment Agreement — Forms 120 and 121
After entering into a representation agreement with a client, an agent uses the Modification of Representation Agreement to change the terms of the employment without canceling it and to terminate the authorization to represent, an agent uses the Release and Cancellation of Representation Agreement.
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Letter to the Editor: Why are addendums from other publishers not published by Realty Publications, Inc.?
A provision in the purchase agreement achieves the same objective as a separate addendum with paragraphs of legal jargon. The difference: our forms are engineered simple.
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Form-of-the-Week: Landlord and Seller Representation Agreement — Forms 106 and 102
A broker employed by a landlord to market the property to tenants, screen tenants and negotiate lease terms in exchange for a fee uses a Landlord Representation Agreement — the leasing equivalent of a Seller Representation Agreement.
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Form-of-the-Week: Commercial lease agreement — percentage and month-to-month — Forms 552-4 and 552-5
A landlord, tenant, leasing agent or property manager when negotiating rent payments as a percentage of a non-residential tenant’s gross sales uses a Commercial Lease Agreement of the percentage variety to set the terms for a fixed-term tenancy or uses the month-to-month variety to prepare a Commercial Rental Agreement for a periodic tenancy.
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Form-of-the-Week: Commercial lease agreements — Gross variety — 552 and 552-1
A landlord, tenant, leasing agent or property manager uses a Commercial Lease Agreement of the gross variety for projects with a single tenant or multiple tenants when the landlord retains the obligations to manage and pay for most or all property operating expenses such as property taxes, insurance and maintenance during the tenancy.
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Form-of-the-Week: Commercial Lease Agreements — Net variety — Forms 552-2 and 552-3
A landlord, tenant, leasing agent or property manager uses a Commercial Lease Agreement of the net variety for a single-user tenant to document the terms of the tenancy negotiated when the payment of most or all property operating expenses including property taxes, insurance and maintenance incurred during the tenancy is shifted to the tenant.
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Form-of-the-Week: Commercial Lease Agreement — Form 552 series
A landlord or property manager uses a Commercial Lease Agreement – Gross – Single Tenant to lease commercial property to a tenant for a fixed term.
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Form-of-the-Week: Purchase Agreement — For Other than One-to-Four Residential Units — Form 151
A buyer broker uses RPI Form 151 when preparing an offer to purchase income-producing real estate, excluding one-to-four unit residential property.
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Form-of-the-Week: Request for Homeowner Association Documents and HOA Addendum — Forms 135 and 309
A seller agent uses RPI Forms 135 and 309 to disclose the existence of an HOA on a subject property.
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An Industry-Wide MLS Subagency Misnomer
The second episode in our new buyer representation video series dramatizes the decades-long evolution of buyer representation in California.
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Form-of-the-Week: Request for Notice of Mello-Roos Assessment — Form 137
A seller agent uses RPI Form 137 to request information from the Improvement District Office about Mello-Roos on a property listed for sale.
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Price Fixing and Association Membership
Watch the first episode in our new video series depicting the seismic shift in the representation of buyers in 2025, cementing long-standing public policy.
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Form-of-the-Week: Mortgage Broker Representation Agreement, and Disclosure of Mortgage Loan Originator Fees — Forms 104 and 119-1
A broker and their agent use RPI Form 104 to arrange a mortgage with a buyer or owner of real estate or a holder of a trust deed note and RPI Form 119-1 to disclose to all parties the receipt of a mortgage-related fee in addition to a sales fee on the transaction.
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Buyer Representation Agreements: The end of the “gold standard”
With new California legislation, it’s now mandatory practice for a buyer broker to enter into an employment agreement with buyer-clients before a purchase agreement is submitted.
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RPI real estate forms have always been in compliance with NAR’s most recent antitrust settlement
Unlike trade unions, RPI forms for decades has had methods for the buyers broker to set their own fees and disclose the fee amount to their buyer clients.
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Form-of-the-Week: Fee Sharing Agreement, and Broker Referral Fee Agreement — Forms 105 and 114
A broker uses RPI Forms 105 and 114 when sharing a broker fee with the buyer’s broker and when referring a client to another broker in exchange for a fee.
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NAR® members jump ship following sexual harassment allegations and more anti-trust lawsuits
Licensees and the public more broadly have recently grown uncomfortably aware that those in charge don’t always follow their own rules.
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