Buyer Agency Agreement ( I will represent you)

This Agreement is made on _________________________, 20_________ between ___________________________________________

__________________________________(“Buyer”) CENTURY 21 NEW MILLENNIUM (“Broker’).

In consideration of services and facilities, the Broker is hereby granted the right to represent the Buyer in the acquisition of real property. (As

used in this Agreement, “acquisition of real property” shall include any purchase, option, exchange or lease of property or an agreement to

do so.)

1. BUYER’S REPRESENTATIONS. The Buyer represents that as of the commencement date of this Agreement, the Buyer is not a party

to a buyer representation agreement with any other brokerage firm. The Buyer further represents that the Buyer has disclosed to the Sales

Associate information about any properties that the Buyer has previously visited at any new home communities or resale “open house”, or

that the buyer has been shown by any other real estate sales associate(s) in any area where the Buyer seeks to acquire property under this

Agreement.

2. TERM. This Agreement commences when signed and, subject to Paragraph 7, terminates at ______a.m./p.m. on _____________

20__________.

3. RETAINER FEE. The Broker, CENTURY 21 NEW MILLENNIUM , acknowledges receipt

from any compensation due the Broker under this Agreement. The retainer is non-refundable and is earned when paid.

4. BROKER’S DUTIES. The Broker and the Sales Associate shall promote the interests of the Buyer by: (a) performing the terms of this

Agreement; (b) seeking property at a price and terms acceptable to the Buyer; (c) presenting in a timely manner all written offers or

counteroffers to and from the Buyer; (d) disclosing to the Buyer all material facts related to the property or concerning the transaction of

which they have actual knowledge; (e) accounting for in a timely manner all money and property received in which the Buyer has or may

have interest. Unless otherwise provided by law or the Buyer consents in writing to the release of the information, the Broker shall maintain

the confidentiality of all personal and financial information and other matters identified as confidential by the Buyer, if that information is

received from the Buyer during the brokerage relationship. In satisfying these duties, the Broker shall exercise ordinary care, comply with

all applicable laws and regulations, treat all prospective sellers honestly and not knowingly give them false information, and disclose

whether or not the Buyer’s intent is to occupy the property as a principal residence. In addition, the Broker may show the same property to

other buyers, represent other buyers, represent sellers relative to other properties, or provide assistance to a seller or prospective seller by

performing ministerial acts that are not inconsistent with the Broker’s duties under this Agreement.

5. BUYER’S DUTIES. The Buyer shall: (a) work exclusively with the Broker during the term of this Agreement; (b) pay the Broker,

directly or indirectly, the compensation set forth below; (c) comply with the reasonable requests of the Broker to supply any pertinent

financial or personal data needed to fulfill the terms of this Agreement; (d) be available during the Broker’s regular working hours to view

properties.

6. PURPOSE. The Buyer is retaining the Broker to acquire real property.

7. COMPENSATION. In consideration of the time and effort expanded by the Broker on behalf of the Buyer, and in further consideration

of the advice and counsel provided to the Buyer, the Buyer shall pay compensation (“Broker’s Fee”) to the Broker as described below. The

Broker’s Fee shall be earned, due and payable under any of these circumstances whether the transaction is consummated through the

services of the Broker or otherwise.

(a) If the Buyer enters into a contract to acquire real property during the term of this Agreement and goes to settlement on that contract

any time thereafter; OR

(b) If, within 90 / 120 / 180 (circle one) days of expiration of this Agreement, the Buyer enters into a contract to acquire real property

that has been described to or shown to the Buyer by the Broker during the term of this Agreement, unless the Buyer has entered into a

subsequent “Exclusive Right to Represent Buyer” agreement with another real estate broker; OR

(c) If, having entered into an enforceable contract to acquire real property during the term of this Agreement, the Buyer defaults under

the terms of that contract.

The Broker’s Fee shall be 3% of the sales price, or compensation being offered by seller (whichever is greater), plus an administrative

fee of $395. If the seller’s representative offers compensation to the Buyer’s Broker, then the Buyer authorizes the Broker to receive such

compensation and the amount of such compensation shall be credited against the Buyer’s obligation to pay the Broker’s Fee.

Any obligation incurred under this Agreement on the part of the Buyer to pay the Broker’s Fee shall survive the term of this Agreement.

Initials: Buyer ________/_________

8. DISCLOSED DUAL REPRESENTATION. The Buyer acknowledges that in the normal course of business the Broker may represent

seller of properties in which the Buyer is interested. If the Buyer wishes to acquire any property listed with the Broker, then the Buyer will be

represented in one of the two ways that are permitted under Virginia law in this situation. The written consent required from the parties in

each case will be accomplished via execution of the appropriate disclosure form at the time of the contract offer.

Dual representation occurs when a buyer and seller in one transaction are represented by the same Broker and the same Sales

Associate. When the parties agree to dual representation, the ability of the Broker and the Sales Associate to represent either party fully

and exclusively is limited. The confidentiality of all clients shall be maintained as in paragraph 4 above.

Designated representation occurs when a buyer and seller in one transaction are represented by different Sales Associates affiliated

with the same Broker. Each of these Sales Associates, known as a Designated Representative, represents fully the interest of a different

client in the same transaction. Designated Representatives are not dual representatives if each represents only the buyer or only the seller

in a specific real estate transaction. Except for disclosure of confidential information to the Broker, each Designated Representative is

bound by the confidentiality requirements in paragraph 4 above. The Broker remains a dual representative.

CHECK ONE CHOICE IN EACH SECTION:

Broker through the Sales Associate.

the Broker through another Designated Representative associated with the firm.

9. DISCLAIMER. The Buyer acknowledges that the Broker is being retained solely as a real estate agent and not an attorney, tax advisor,

lender, appraiser, surveyor, structural engineer, mold or air quality expert, home inspector or other professional service provider. The Buyer

is advised to seek professional advice concerning the condition of the property or concerning legal and tax matters. The Buyer should

exercise whatever due diligence the Buyer deems necessary with respect to information on any sexual offenders registered under Chapter

23 (§19.2-387 et seq.) of Title 19.2. Such information may be obtained by contacting your local police department or the Department of

State Police, Central Criminal Records Exchange, at (804) 674-2000 or www.vsp.state.va.us.

10. EQUAL OPPORTUNITY. Properties shall be shown and made available to the Buyer without regard to race, color, religion, sex,

handicap, familial status or national origin as well as all classes protected by the laws of the United States, the Commonwealth of Virginia

and applicable local jurisdictions.

11. OTHER PROVISIONS. ________________________________________________________________________________________

______________________________________________________________________________________________________________

12. MISCELLANEOUS. This Agreement, any exhibits and any addenda signed by the parties constitute the entire agreement between the

parties and supersede any other written or oral agreements between the parties. This agreement can only be modified in writing when

signed by both parties. In any action or proceeding involving the Buyer, the seller and/or the Broker, arising out of this Agreement, or to

collect the Broker’s Fee, the prevailing party shall be entitled to receive from the other party reasonable attorney’s fees to be determined by

the court or arbitrator(s).

Brokerage Firm (Broker)

Buyer’s Signature Address

Buyer’s Signature City, State, Zip Code

__________________________________________________ ______________________________________________ (SEAL)

Address Managing Broker’s Signature

__________________________________________________ _____________________________________________________

City, State, Zip Code Sales Associate’s/Designated Representative’s Printed Name

Phone (H): ______________ Phone (W): ________________ Phone (H): ________________ Phone (W): _________________

Email1 __________________ Email2 ___________________ Email1 ___________________ Email2 _____________________

CENTURY 21 New Millennium – 03/2003 Page 2 of 2