An Exclusive Right To Buy Buyer Agency Contract May -
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:
The agent must prioritize the buyer's needs over their own commission. 💰 Define Commission and Compensation an exclusive right to buy buyer agency contract may
The agent must reveal any known material facts about a property. Even if the buyer finds the home themselves,
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. 💰 Define Commission and Compensation The agent must
The contract explicitly outlines how the agent gets paid. While sellers often cover buyer agent fees, the contract may:
Under this agreement, the agent is legally obligated to act in the buyer’s best interest. This "fiduciary" duty includes:
The "Exclusive" portion of the title is its most critical feature. Under this clause, the buyer may: