What is the primary purpose of a buyer's agency agreement?

The primary purpose of a buyer's agency agreement is to establish a formal relationship between the buyer and the real estate agent representing them. This agreement lays out the agent's responsibilities to the buyer, ensuring that the agent is legally obligated to act in the buyer's best interests throughout the real estate transaction process.

Having a buyer's agency agreement provides clarity around the roles and responsibilities of the agent and the buyer. It allows the agent to advocate effectively for the buyer, including negotiating on their behalf, providing access to property listings, and offering professional advice on the buying process. By signing this agreement, the buyer gains a dedicated representative who is committed to guiding them through the complexities of purchasing property.

Other options, such as facilitating mortgage approval, proving ownership, or recording a credit score, do not reflect the primary purpose of a buyer's agency agreement. These tasks relate to different aspects of the real estate process and do not pertain to the specific role of representing the buyer in transactions.