BankOwned

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1 If you are a NEW VISITOR to www.bankownedbrokers.com and would like immediate FREE access to our Massachusetts Bank-Owned and Short Sale property database, please read the Buyer Agency Agreement below, complete the sign-in form and click submit. A User Name and Password will be emailed to you. All boxes must be completed accurately. Please note that we represent YOU, the buyer in the transaction, but our fee is paid by the SELLER. Call Scott Blagden at 508-291-7676 with any questions

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	BUYER AGENCY AGREEMENT Date: See Date below Buyer: See Buyer information below (hereinafter called "BUYER"); and Broker: Bank-Owned Buyer Brokers A division of Scott Blagden Real Estate, Ltd. 24 Circuit Avenue, Wareham, MA 02571 508-291-7676 scott@bankownedbrokers.com (hereinafter called "BROKER") In consideration of the use of Broker’s services and other good and valuable consideration, the receipt of which is hereby confirmed, Broker is hereby granted the right to act as the agent of the Buyer in locating and negotiating the terms of contracts to purchase real property described as follows: Bank-owned properties, rehab properties, short sale workouts and investment properties including residential, condominium, multi-family, commercial and land, located in Massachusetts with price range to vary depending on property details and type. BROKER'S DUTIES: • To identify and make available to Buyer via the www.BankOwnedBrokers.com web site, properties meeting Buyer’s expressed needs. • To provide factual information and material facts regarding properties and to disclose to Buyer any property defects of which Broker has actual knowledge. • To represent Buyer’s interests at all stages of the transaction. BROKER'S FEE: If the Buyer (or any other person or entity acting on the Buyer's behalf or in concert with Buyer) enters into a contract to purchase any Property listed in the www.BankOwnedBrokers.com database during the term of this Agreement, including any extensions, or within 90 days after termination of this Agreement, Broker shall be paid a brokerage fee from the Seller via the Listing Broker equal to the offer of compensation offered by the listing real estate office. Broker’s fee shall be earned and payable to Broker only if and when title passes and the purchase price is paid. OTHER BUYERS The Buyer understands that other buyers will also be represented by Broker and that such other buyers may seek property, submit offers, and contract to purchase property through Broker, including the same property the Buyer may seek to purchase. If this occurs, Broker shall treat each party equally, shall present all offers in a timely, impartial manner and shall not disclose the negotiating position of either Buyer to the other. The Buyer acknowledges, understands, and consents to such representation of other buyers by Broker. DISCLOSED DUAL AGENCY: The Buyer understands that Broker lists properties for sale on behalf of Sellers. Broker will inform Buyer if Buyer is to be shown any properties listed by Broker. Broker will act as a disclosed dual agent (i.e. an agent working for both Seller and Buyer) in connection with any such properties and shall inform both Seller and Buyer and obtain the consent of each to the dual agency. The Buyer acknowledges, understands, and consents to such dual agency representation by Broker. OTHER TERMS • Buyer understands that access to the www.BankOwnedBrokers.com web site and MLS Assistant web site are for Buyer Clients only and that Broker will suffer financial damages if access to the web sites is given out to individuals who are not Buyer Clients. Buyer agrees not to share the Buyer’s User Name and Password to the www.BankOwnedBrokers.com web site or MLS Assistant web site to any other person. If any person other than the Buyer Logs On to either of the web sites listed herein, the User Name and Password will be deactivated. • Broker advises Buyer to seek legal, tax or other professional advice relating to any proposed transaction. Broker is not an attorney and cannot offer legal advice nor is broker able to counsel Buyer with regard to tax issues. • Broker advises Buyer to seek professional advice from licensed, experienced builders and contractors with regard to any renovation or rehabilitation work contemplated at the property. Broker is acting solely as a real estate broker in any proposed transaction. Any opinions rendered by the Broker about rehabilitation or renovation costs are opinions only and must be verified by the Buyer by a professional in the field that the work is contemplated. • Buyer agrees to indemnify Broker and to hold Broker harmless on account of any and all loss or damage arising out of this contract provided Broker did not act negligently or fraudulently. • If a dispute arises hereunder, the parties agree to submit the dispute to binding mediation with the non-prevailing party to pay all costs including attorney’s fees incurred by the prevailing party. • Any modification to this agreement must be in writing signed by both parties. • This contract is the entire agreement between the parties. TERM OF AGREEMENT: Start date: As set forth in "Date" box below End date: 180 days from Start date. THIS IS A LEGAL DOCUMENT. READ IT CAREFULLY. IF NOT UNDERSTOOD, SEEK LEGAL ADVICE BEFORE SIGNING. Signed under seal by typing Name in the box below on the date set forth below:
	* I agree to the terms and conditions of the Buyer / Agency Agreement
	* First name:
	* Last name:
	* Email Address:
	* Address:
	* City, State, Zip:
	* Phone:
	Fax:
	Cell Phone:
	* Price range:
	* Property type(s):
	* Areas interested in:
	* How did you find our web site:
	Promotion code:
	* Are you currently under contract with a buyer broker?:
Note: If you are currently under contract with a Buyer Broker, please do not sign up to this web site. We are Buyer Brokers and by completing this form, you are signing a Buyer Agency Agreement with our company.
	* Do you have a home to sell before you buy?:
	Would you like a free market analysis of your home?:
* Required Fields
I acknowledge my acceptance of the terms and conditions of the Buyer Agency Agreement and represent my typed name below as my legal signature:
*