Exclusive Buyer Representation Agreement — Missouri Edition Template

Since the 2024 NAR settlement took effect, a written buyer representation agreement is no longer optional for most agents — MLS participants must have a written agreement with a buyer before touring a home, and that agreement must state the compensation the buyer's broker will receive, in an amount that is objectively ascertainable and not open-ended. This template is built for that new reality.

The Exclusive Buyer Representation Agreement establishes the brokerage as the buyer's exclusive agent for a defined term and geographic area, sets out the broker's fiduciary duties (loyalty, confidentiality, disclosure, obedience to lawful instruction, reasonable care, and accounting), and — most importantly — fixes the broker's compensation in writing: a flat fee, a percentage, or an hourly structure, with clear language on how seller-paid or listing-broker-paid amounts offset the buyer's obligation. It includes a protection period for properties introduced during the term, a retainer provision, dual agency/designated agency consent language, and clean termination mechanics.

This 5-page template includes the compensation disclosure language required under the settlement framework, plus a 50-state variation notes section covering states where buyer agency agreements have statutory content requirements (several states mandate specific disclosures, type-size requirements, or prohibit certain term lengths). Buyer agency itself is a creature of state agency and license law, so the notes flag where state forms or specific statutory language are mandatory. As with all templates in this library, it is a drafting starting point to review with your broker or attorney — not a guaranteed state-compliant form.

About this Missouri Edition: Every one of the 12 templates has been redrafted around Missouri's real estate license law (RSMo Chapter 339) and its brokerage relationship statutes (RSMo §§ 339.710–339.860), which give Missouri a statutory menu of seller's agent, buyer's agent, dual agent (lawful only with written consent of all parties, § 339.750), designated agent (§ 339.820), and transaction broker (§ 339.755, the default when there is no written agency agreement). The forms also reflect RSMo § 339.150 (compensation payable only to and through licensed brokers), § 339.105 (escrow accounts), the Missouri Real Estate Commission's rules at 20 CSR 2250 (definite expiration dates, no automatic renewal, advertising and record retention), the statute of frauds (RSMo § 432.010), and Missouri's Uniform Electronic Transactions Act (RSMo Chapter 432). Because Missouri has no mandatory statutory seller disclosure form, the seller disclosure template is built on Missouri's common-law fraud and latent-defect principles plus the methamphetamine-production disclosure statute (RSMo § 442.606) and the psychologically-impacted-property safe harbor (RSMo § 442.600), with the federal lead-based paint rules and RSMo Chapter 701 lead program addressed separately.