Aug. 1, 2024 Forms Update: View the 2024 Forms Update Comprehensive Guidelines document, which explains changes to several forms that were made as a result of the NAR settlement agreement.
About the Buyer Agency Contract
The Buyer Agency Contract (Form BAC) is the exclusive agency contract for buyers’ and tenants’ agents. By signing this contract, the buyer or tenant agrees to be represented by the broker and no other. Neither side has an automatic right to terminate and walk away unless both sides negotiate that term into the contract.
Latest Content
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State Wiretapping and Recording Laws Explained
- July 14, 2023
- 4 min. read
Pennsylvania is a “two-party consent” state, meaning that all parties involved in a conversation or communication must provide their consent before it can be recorded.
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Fill. Out. The. Forms.
- November 11, 2022
- 3 min. read
Why are there so many Legal Hotline calls from buyer brokers who have put themselves in a position where they cannot collect a fee from their buyer clients?
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Read. The. Forms.
- February 19, 2021
- 3 min. read
Each year the PAR Legal Hotline fields a fair number of calls with questions can be answered simply by taking the time to carefully read some of the most common transactional forms every so often.
