What is Form B designed for?

Form B is specifically designed to establish the agreement between a Buyer and a Broker. This form outlines the terms and conditions under which the broker represents the buyer in a real estate transaction. It typically includes details such as the scope of the broker's responsibilities, the duration of the agreement, any fees or commissions that may apply, and the rights and obligations of both parties.

This form is essential because it formalizes the relationship and ensures that both the buyer and the broker are on the same page regarding expectations and responsibilities throughout the buying process. It provides legal protection and clarity for both the buyer and the broker, facilitating a smoother transaction.

Understanding the role of Form B is crucial for anyone involved in real estate transactions in Dubai, as it helps ensure compliance with RERA regulations.