Which term best describes how a buyer representation agreement is viewed legally?

The term that best describes how a buyer representation agreement is viewed legally is a written contract. This is because a buyer representation agreement is a formal document that outlines the relationship and obligations between the buyer and the real estate agent. When both parties sign this agreement, it creates an enforceable contract that specifies the terms under which the agent will assist the buyer, including duties, responsibilities, and compensation.

Having it in writing is crucial, as it not only protects the interests of both parties but also provides clarity and accountability. A written contract makes it easier to resolve disputes, as it serves as a tangible record of what was agreed upon. In legal terms, written contracts often carry more weight in court compared to informal arrangements or verbal agreements, which can be subject to misunderstandings or misinterpretations. This written aspect is essential in the real estate field to ensure that both buyers and agents are on the same page about their commitments and rights.