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Buyer-Agent Working Agreements #3

By
Real Estate Agent with Chicagoland2to4Flats.info

•·        Exclusive Agency Agreement. Here you agree to only work with one agent. In this option, you may pursue "For Sale by Owner" properties as long as no other agent represents you. Should, however, you violate this agreement and you purchase property for which another agent gets compensated, the contracted agent will be entitled to receive from you the same compensation as the other agent. Why agree to this? If you choose an Exclusive Agent, they in turn promise to work much harder for you than they would in an Open Buyer agreement.

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Comments (2)

Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I have never used this type of agreement. I carefully choose my clients.  Because I develop a relationship with people ~ as we move through the buying process, they see and feel my commitment to working hard for them, to get them what they want, at a good price, on good terms. When people feel that it is all about them people naturally commit to me as well. I always give everyone the right to fire me if they are not satisfied with my performance.

Aug 05, 2008 02:27 AM
Bill Bein
Chicagoland2to4Flats.info - Chicago, IL

Certainly, this is not the first choice, and should not be pushed onto anyone.

Aug 06, 2008 01:15 AM