What type of agreement ensures that a buyer is exclusively represented by a broker?

The exclusive right to represent buyer/broker agreement is specifically designed to ensure that a buyer is exclusively represented by a broker throughout the process of purchasing a property. This type of agreement creates a legally binding relationship where the broker is granted the authority to act on behalf of the buyer, effectively preventing the buyer from engaging other brokers for representation in the same transaction.

This exclusivity benefits both parties; the broker is assured of their commission if the buyer purchases a property, and the buyer gains focused service and advocacy from the broker. This agreement typically includes terms regarding the length of the representation period, the scope of services provided by the broker, and the conditions under which the broker will be compensated.

In contrast, a non-exclusive right to represent agreement would allow the buyer to engage multiple brokers simultaneously, which may lead to conflicts of interest and fragmented representation. Expressed contracts and bilateral contracts, while relevant in broader discussions of contracts, do not specifically address the exclusive representation of buyers, which is the core focus of this question.