Whole lotta SHAKIN' goin's on about Buyer Broker Exclusive Agreements and I thought I'd weigh in (@ fighting weight of course)!
I've used them and not used them.
Why?
Because of the task at hand AND THE PERSON being contracted.
Most of my people are loyal to a fault. They understand the efforts that go into a project. The value of the real estate professional contracted to work with them. The value of time.
Some are going to put you through changes. They may not be clear on what they want 'yet', or various 'grief factors' could trigger a need for additional assurance. They may be known 'flutterbyes' who call every damn sign and get amnesia about who they are working with.
But MOST OF ALL, the reason I RARELY will sign a buyer to an exclusive, is
I may not want to give them MY exclusivity.
When you sign a contract, YOU are on the hook, as are they.
This is also why ALL my listing agreements have a 7 day mutual kickout clause.
I could find it's not worth any more of my energy, and decide to release them. I've done it more times than I can count. With the exception of a major change in the client's situation (a death in the family, for example) I have not had a client exercise their option yet.
Interesting that the folks who would NEVER swerve you have no need for anything more than a handshake?
I don't have time to micromanage disloyal folks! Not in my business and not in my life.
I realize that many states require an exclusive for both buyers and sellers. So far, ours does not.
There's an old Irish toast:
"Here's to me, here's to you, here's to love and laughter.
I'll be true as long as you and not one minute after!"
Kinda how I roll . . . YMMV of course.
The fish jumped off the hook
didn't I babe?
Who's zoomin' who?
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