Protecting Yourself as a Buyer: The Buyer Broker Agreement in Arizona
By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Protecting Yourself as a Buyer: The Importance of a Buyer Broker Agreement in Arizona The Arizona real estate market is bustling, filled with opportunities for both seasoned investors and first-time homebuyers. Navigating this market can be exciting but also complex. That's where a buyer broker agreement comes in—your first line of defense as a buyer. What is a Buyer Broker Agreement? A buyer broker agreement (BBA) is a legally binding contract between you, the home buyer, and a real estate agent or brokerage who will represent your interests. It lays out the terms of your working relationship, clarifying expectations and responsibilities for both parties. How Does a BBA Protect Buyers? Fiduciary Duty: The most crucial protection a BBA offers is establishing a fiduciary relationship. Y...
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