Final answer:
A buyer representation agreement is signed by a buyer and a real estate broker. This agreement outlines the broker's responsibilities and the buyer's obligations.
Step-by-step explanation:
A buyer representation agreement is signed by a buyer and a real estate broker. This agreement establishes the relationship between the buyer and the broker, outlining the broker's responsibilities and the buyer's obligations. It typically includes details such as the duration of the agreement, the terms of payment, and the scope of the broker's services.
This agreement sets out the responsibilities of the broker towards the buyer as well as the obligations of the buyer, including the possibility of compensation for the broker's services.