Under this agreement, the agent is legally obligated to act in the buyer’s best interest. This "fiduciary" duty includes:
Ensure the agent is paid if the buyer purchases a property they were introduced to during the contract term. an exclusive right to buy buyer agency contract may
Most agreements last between three to six months. Under this agreement, the agent is legally obligated
The "Exclusive" portion of the title is its most critical feature. Under this clause, the buyer may: The "Exclusive" portion of the title is its
To help you understand if this is the right move for you, let me know: Are you currently ? Are you looking in a highly competitive market ? Is there a specific house you’ve already found?
If a buyer finds a "For Sale By Owner" (FSBO) or visits an open house, they must notify their agent to handle the negotiations.
An exclusive contract may include a "holdover" or "protection" clause. This ensures that if the contract expires, but the buyer purchases a home the agent previously showed them within a set window (usually 30–90 days), the agent still receives their commission.