What is the purpose of the WB-36 Buyer Agency/Tenant Representation Agreement?

The purpose of the WB-36 Buyer Agency/Tenant Representation Agreement is primarily to establish the broker-client relationship. This agreement is significant as it formalizes the working relationship between the buyer and the broker, ensuring that both parties understand their responsibilities and obligations. By creating a legally binding contract, it helps protect the interests of both the client and the broker, defining the level of service the broker will provide, as well as detailing the client's expectations.

While the options involving buyer preferences, commission structures, and property listings may be relevant in the broader context of real estate transactions, they do not capture the primary function of the WB-36 form. Instead, the agreement's main goal is to clearly outline how the broker will represent the buyer or tenant in their real estate endeavors, ensuring transparency and fostering trust within the client-broker dynamic.