What type of agreements are made with buyers in real estate?

The correct answer, which pertains to agreements made with buyers in real estate, is Buyer Agency Agreements. These agreements establish a formal relationship between a buyer and a real estate agent who represents the buyer's interests in a transaction.

In a Buyer Agency Agreement, the agent is legally obligated to act in the best interests of the buyer, which includes providing guidance on property values, identifying suitable properties, negotiating terms, and ensuring that the buyer’s needs are prioritized throughout the purchasing process.

This type of agreement is significant in real estate transactions because it clarifies the roles and responsibilities of both the buyer and the agent, providing a structured approach to the home-buying experience. Additionally, the agreement typically outlines the duration of the agent's representation and the compensation structure, ensuring transparency and protecting both parties.

Contrasting with other types of agreements, like listing agreements, which involve the seller and authorize an agent to market their property, Buyer Agency Agreements focus specifically on the buyer's representation, making them essential for individuals looking to purchase real estate.