Copy eXp's Buyer Agency Agreement

Let’s consider this a followup post to this one:

A Warning on Forms

I had a fairly long and significant conversation the other with a friend who is a very knowledgeable operator in the industry. As usual, anonymity is the rule in our secretive industry. What we ended up discussing was important enough that I thought it worth a post. This entire topic may end up being nothing. Hence, paranoia.

Notorious R.O.B.Rob Hahn

I just read through Consumer Federation of America’s press release on buyer agency agreements, as well as the full report on CAR’s new buyer agency agreement authored by a law professor.

I’ll keep it short: if you are a brokerage in California, I would urge you not to use CAR’s form. Instead, copy eXp’s new buyer agency agreement. (eXp has expressly granted permission to the industry to do so.) If you are not in California, I would still urge you not to use your Association or MLS form, but to copy eXp’s form instead.

There — free advice, worth what you paid. And I am not your lawyer so please consult your attorney for actual legal advice.

Having said that, let’s get into why.