A buyers listing agreement assures your buyers agent that you are serious about buying a property and that you, the buyer want your REALTOR to get paid. Your real estate agent has put in time, energy, effort and money into finding you a property. You don’t work for free why should your real estate agent? This agreement doesn’t obligate you to your agent, it insures that they get paid. An agent can get paid by the hour, a flat rate, a percentage of the sale by you the buyer or the seller or sellers agent can paid a buyers agent.
The buyers listing agreement spells out the parties involved, buyers and agent. The type of property the buyer is looking for and an expiration date to the agreement.
A buyers listing agreement is attached here : Buyers listing agreement
Definition of terms: http://www.realestatecoloradostyle.com/definition-of-terms