Exclusive Buyer Representation Agreement — Nebraska 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 Nebraska Edition: These forms are adapted to Nebraska's limited-agency framework under Neb. Rev. Stat. § 76-2401 et seq., using the state's own vocabulary (limited seller's agent, limited buyer's agent, limited dual agent, designated broker, affiliated licensee) and permitting dual representation only as a limited dual agent with informed written consent under § 76-2422, including the statutory confidentiality limits. The seller disclosure and transaction forms are keyed to the Nebraska Seller Property Condition Disclosure Statement requirement of § 76-2,120 (the Commission's prescribed form still controls), the statute of frauds (§ 36-105 for land contracts; § 36-202 for commission/brokerage agreements), and the Nebraska UETA (§ 86-621 et seq.) for electronic execution. Broker-side forms reflect the Nebraska Real Estate License Act (§ 81-885.01 et seq.) — broker supervision, commissions flowing only through the designated broker, broker-to-broker-only referral fees — and note that lien rights for unpaid commissions exist only for commercial property under the Nebraska Commercial Real Estate Broker Lien Act (§ 76-2601 et seq.).