Key Takeaways
- Form I is the agreement between a seller and their broker, authorizing the broker to market and sell the property.
- Form B is the agreement between a buyer and their broker, formalizing the buyer-side representation.
- Form F is the standardized memorandum of understanding (MOU) signed between buyer and seller once a deal is agreed.
- All three are standard RERA forms designed to protect both parties with consistent, enforceable terms.
Form I — the seller's listing agreement
Form I is the agreement a property seller signs with their broker, authorizing the broker to market and sell the unit and setting out the agreed commission. It's the seller-side equivalent of a listing agreement in other markets.
Form B — the buyer's representation agreement
Form B is the agreement a buyer signs with their broker, formalizing the buyer's agency relationship and how the broker will be compensated for representing the buyer's interests in the transaction.
Form F — the memorandum of understanding
Once a buyer and seller agree on terms, Form F is the standardized RERA memorandum of understanding (MOU) that both sides sign, laying out the agreed price, deposit, and timeline before the deal proceeds to DLD registration and, ultimately, title transfer.
- Form I: seller ↔ broker listing agreement.
- Form B: buyer ↔ broker representation agreement.
- Form F: buyer ↔ seller memorandum of understanding for the sale itself.