eXp Representation Forms
Added August 16, 2024
Texas Intermediary Disclosure and Election Notice
This form is used to inform clients about the intermediary agency relationship in Texas real estate transactions, where the broker can represent both the buyer and seller in the same transaction. It explains the broker's obligations to act fairly and impartially and allows the client to choose whether or not to consent to this type of relationship.
USE THIS WITH THE LISTING AGREEMENT AND THE BUYER REP AGREEMENTS!!!!!!
NOTE: Managing Broker signature is not required!
Explains the intermediary agency relationship and broker’s role.
Clients can choose to accept or decline the intermediary relationship.
Details prohibited activities for brokers acting as intermediaries.
Added July 15, 2024
eXp Real Estate Listing Agreement
This form is a listing agreement between a property owner (seller) and a broker, granting the broker the exclusive right to sell the property. It outlines the terms, including the listing price, broker compensation, and the responsibilities of both the seller and the broker. The agreement also includes provisions for marketing, showing the property, and handling offers.
Grants the broker exclusive rights to sell the property within a specified time frame.
Details the broker's compensation and the seller's obligations during the sale process.
Includes options for property promotion, showings, and additional terms like seller concessions.
New as of May 29, 2024
eXp Buyer-Broker Representation Agreement
This agreement allows a buyer to hire a licensed professional to assist in viewing properties, negotiating contracts, and navigating the entire purchase process. It outlines the types of properties involved, the geographic area, and the responsibilities of both the buyer and the broker. The agreement also includes details about the broker’s fees and the duration of the agreement.
Engages a broker to help with finding, negotiating, and purchasing property.
Details the broker’s fee, which is due upon successful closing of a property.
Allows either party to cancel the agreement unless the buyer is under contract to purchase a property.
Updated as of May 29, 2024
eXp Single Property, Buyer-Broker Representation Agreement
This agreement allows a buyer to hire a broker to assist specifically with the purchase of a single property. It covers the broker’s responsibilities, including helping the buyer view the property, negotiate contracts, and handle the purchase process. The agreement also outlines the broker’s fee, which is negotiable and payable upon the successful closing of the property.
Engages a broker to represent the buyer for a specific property.
The broker’s fee is due at closing and is fully negotiable.
The buyer is encouraged to work exclusively with the broker throughout the transaction.
Added July 15, 2024
eXp Amendment to Real Estate Listing Agreement
This amendment modifies the existing real estate listing agreement between a property seller and a broker to reflect changes in industry rules, especially regarding how compensation to a buyer’s broker can be offered. The amendment also allows for adjustments to listing price, listing period, and other relevant terms. All other original terms of the listing agreement remain in effect unless specifically changed by this amendment.
Updates compensation terms, including the option to not offer compensation to a buyer's broker.
Allows for changes to the listing price and the extension of the listing agreement term.
Includes options for electronic signatures and other additional changes as needed.
Update July 29, 2024
eXp Direct Compensation from Seller
This form is an agreement where the seller agrees to pay the buyer’s broker directly for helping to procure a buyer for the property. The payment is only due upon the successful closing of the transaction and is fully negotiable between the parties. The agreement specifies that no agency relationship is created between the seller and the buyer’s broker.
The seller agrees to compensate the buyer’s broker upon the successful closing of the property sale.
The compensation amount is negotiable and specified as a percentage of the purchase price or a fixed amount.
This agreement does not establish an agency relationship between the seller and the buyer’s broker.
Added July 15, 2024
eXp Disclosure and Acknowledgment of Non-Representation
This form informs a party involved in a real estate transaction that eXp Realty only represents the other party (either the buyer or seller) and does not represent them. It outlines that eXp Realty will still act with honesty, disclosure, and accounting but will not offer representation or negotiate on their behalf. The form encourages the unrepresented party to seek advice from their own legal or real estate professionals.
Clarifies that eXp Realty represents the opposite party in the transaction, not the signer.
Encourages the unrepresented party to seek their own professional advice.
Ensures the unrepresented party understands that eXp Realty will complete transaction documents without creating a representation relationship.