Lake Charles Office 765 Bayou Pines East Lake Charles, LA 70601 337-478-1601 Office
Sulphur Office 2800 Maplewood Dr Sulphur, LA 70663 337-478-1601 Office
DeRidder Office 314 N Pine St, Suite A DeRidder, LA 70634 337-463-2004 Office 337-463-9974 Fax
BUYER AGENCY AGREEMENT (BAA) (This is a legally binding contract; if not understood, seek competent advice before signing.) This Buyer Agency Agreement (“Agreement”) is by and between:________________________________ as , the “Buyer”, and ________________________________as , the “Broker”. Buyer grants Broker the exclusive right to represent Buyer in connection with the Purchase of Property in Louisiana. BROKER DUTIES. Broker will perform the terms of this Agreement, exercise reasonable skill and performance in providing Brokerage Services, and promote the Buyer’s best interest by seeking a price and upon terms acceptable to the Buyer, timely present all offers to and from the Buyer, and timely account for all money and property received in which the Buyer may have an interest. BROKER COMPENSATION. (only check one) Compensation payable to Broker is not set by law and is fully negotiable. ___ Range (preferred):________% to ________% of the Gross Purchase Price A. If the Buyer’s Broker Fee collected from any Seller Party is within the range above, the Buyer’s responsibility for compensation will be deemed satisfied (Refer to “Responsibility Of Buyer To Compensate Broker” below). B. Buyer authorizes Buyer’s Broker to request that the Buyer’s Broker Fee be paid, in whole or in part, by any Seller Party to the Buyer’s Broker at the Act Of Sale. Buyer hereby authorizes Buyer’s Broker to write a Buyer Broker Fee request into Buyer’s Offer to purchase the Property. C. Broker shall not receive compensation for Brokerage Services from any source that exceeds the amount or rate of Compensation within the “Broker Compensation” provision of this agreement. ___ Flat Fee: ________________________________________(dollars) ___Other (explain) : _______________________________________________________________ _______________________________________________________________ _______________________________________________________________ RESPONSIBILITY OF BUYER TO COMPENSATE BROKER. Buyer agrees and acknowledges that while other sources MAY OR MAY NOT be available to compensate Broker, it is the Buyer’s responsibility to compensate the Broker according to this Agreement. If the amount of Compensation received by the Broker from any Seller Party is less than the total Compensation owed to the Broker according to this Agreement, then the Buyer shall pay the Broker the amount of Compensation owed minus the amount received from any Seller Party. BROKER COMPENSATION EARNED AND OWED. Buyer acknowledges and agrees that Broker has earned and is owed the Compensation set forth in this Agreement if and when any of the following occurs: A. Buyer Purchases Property during the term of this Agreement or any extension thereof. B. Buyer Purchases Property not less than ________________________________ (______) calendar days after the termination or expiration of this Agreement or any extension thereof and Broker or Designated Agent brought the existence and availability of the Purchased Property to the Buyer's attention during the term of the Agreement or any extension thereof. If left blank, the number of calendar days shall be one hundred eighty (180). Each Office is Independently Owned and Operated
Revised: 08/12/2024
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