Buyer-Broker Representation Agreements
Cal. CIV § 1670.50
California Statutes
(
a) A buyer-broker representation agreement shall be executed between a buyer’s agent and a buyer as soon as practicable, but no later than the execution of the buyer’s offer to purchase real property. (
b) The buyer-broker representation agreement shall include, but not be limited to, terms related to all of the following:
(1) Compensation of the real estate broker.
(2) Services to be rendered.
(3) When compensation is due.
(4) Contract termination. (
c) Prior to execution of a buyer-broker representation agreement between the buyer and the buyers’s agent, the buyer’s agent shall provide the disclosure form required by
Section 2079.14 to the buyer. (d)
(1) A buyer-broker representation agreement shall not last longer than three months from the date the agreement was made. This paragraph shall not apply to a buyer-broker representation agreement entered into between a real estate broker and a corporation, limited liability company, or partnership.
(2) A buyer-broker representation agreement shall not renew automatically, and a renewal of a buyer-broker representation agreement shall be in writing and be dated and signed by all parties to the agreement. A renewal of a buyer-broker representation agreement subject to paragraph (1) shall not last longer than three months from the date the renewal was made.
(3) A buyer-broker representation agreement that is made in violation of this subdivision is void and unenforceable. (
e) A person licensed pursuant to Division 4 (commencing with
Section 10000) of the Business and Professions Code who violates this
section shall be deemed to have violated that person’s licensing law. (
f) For the purposes of this section, “buyer-broker representation agreement” means the same as it is defined in subdivision (
p) of