What characteristic must be true for an exclusive buyer representation agreement to be enforceable?

For an exclusive buyer representation agreement to be enforceable, it is essential that it complies with the basic legal requirements of a contract. Among these requirements, having a clear legal property description is important in real estate transactions. However, exclusive buyer representation agreements primarily focus on the relationship between the buyer and the broker rather than specific properties; thus, such agreements do not legally require a definitive property description for validity.

In this context, an exclusive buyer representation agreement serves to establish the broker's right to represent the buyer when purchasing any property, allowing flexibility in choice. This means that the absence of a specific property description does not negate the enforceability of the agreement.

Other characteristics, such as including a property appraisal or representation by legal counsel, may be beneficial for certain transactions but are not universally required for the enforceability of the agreement itself. Similarly, specifying the buyer's budget can help tailor the representation but is not a legal necessity for the agreement to hold validity. Therefore, the statement that an exclusive buyer representation agreement does not need a legal property description to be valid is indeed accurate.