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TXR 1502 — Commercial Buyer/Tenant Representation Agreement

This form establishes an exclusive buyer/tenant representation agreement for commercial real estate transactions. It defines the broker's and client's mutual obligations, the market area, commission structure (including multiple fee types), intermediary authorization, protection period, and other te

Source: TXR
Form Number: 1502
Category: Other
Revised: September 1, 2025

Used For

Commercial Sales, Residential Leases

Form Outline

The TXR 1502 form is organized into the following sections:

  1. Parties, Appointment, Definitions, and Term
    Establishes the parties, grants exclusive representation, defines key terms (acquire, closing, market area, property), and sets the agreement term from start date to either the end date or the closing of the last property acquisition.
  2. Obligations, Representations, Intermediary, Competing Clients, Confidentiality
    Covers mutual obligations (broker uses best efforts, client works exclusively through broker), representations (authority, no conflicts, truthful info), intermediary authorization (check A or B), competing client acknowledgment, and confidentiality protections.
  3. Broker's Fees
    Defines eight fee types: commission (purchase or lease), hourly fees, advance fees, lease-to-purchase fees, renewal/extension/expansion fees, construction fees, service provider referral fees, and other. Includes protection period, excluded properties, payment county, escrow authorization, and broker lien rights.
  4. Mediation, Default, Attorneys Fees, Liability, Addenda, Special Provisions, Agreement, and Notices
    Standard commercial agreement provisions including mandatory mediation, default remedies, attorney's fees, limitation of liability with client indemnification, addenda, special provisions, entire agreement clause, related party obligations, and required notices about negotiable compensation, fair housing, and foreign acquisition restrictions.
  5. Execution by Client and Broker
    Signature blocks for client and broker with license information and a notice to consult an attorney before signing.

How RaiderX Agents Use This Form

When you upload a signed TXR 1502 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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