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.
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? an exclusive right to buy buyer agency contract may
The agent cannot share the buyer’s maximum budget or motivations with sellers. An exclusive contract may include a "holdover" or
If a buyer finds a "For Sale By Owner" (FSBO) or visits an open house, they must notify their agent to handle the negotiations. Are you looking in a highly competitive market
Some high-end or specialized agencies may charge an upfront fee for their services. 🤝 Establish Exclusive Representation
Even if the buyer finds the home themselves, the contracted agent is generally entitled to the commission. 📅 Set the Duration and Scope These contracts are not indefinite. They typically include:
If the seller offers less than the agreed-upon percentage, the buyer may be responsible for the difference.
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