The buyer-broker agreement is categorized as what type of document?

The buyer-broker agreement is categorized as an employment agreement because it establishes a contractual relationship between the buyer and the broker. In this arrangement, the broker is employed by the buyer to assist in finding and negotiating the purchase of real estate. This document outlines the rights and obligations of both parties, including the broker’s duties to act in the best interests of the buyer and any compensation structure for the broker's services.

While the other options represent important documentation in real estate transactions, they serve different purposes. A disclosure statement outlines necessary information about a property, a listing agreement permits a broker to represent a seller, and a purchase contract is an agreement for the sale of real estate between a buyer and a seller. The buyer-broker agreement specifically focuses on the employment relationship between the buyer and the broker, justifying why it correctly fits under the category of an employment agreement.