Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:

A buyer representation agreement establishes an agency relationship between a buyer and a broker, outlining the broker's duties and compensation for assisting the buyer in finding and purchasing a property.

This agreement serves the same purpose as a listing agreement does for a seller---it defines the relationship, responsibilities, and authority between client and broker.

Both agreements are legally binding contracts and must include the terms of representation, duration, and agency disclosures as required by Maryland Real Estate Commission (MREC) regulations.

Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course -- ''Listing Agreements and Buyer Representation'' Module

Md. Business Occupations and Professions Article 17-532 -- Duties of Licensees in Agency Relationships.