We are looking for clear and concise information on exclusive vs non-exclusive buyers rep agreements.

Sonia Marable
Home Buyer
Washington, DC

As soon-to-be first time homebuyers, we want to make the best possible decision.

Answers (2)
Lanre Folayan
Agent
20721

Non exclusive buyers agreement is saying that if I introduce you to the house and you decide to buy (procurring cause),then I-Real Estate Agent will get paid when you buy the house.

Exclusive buyers agreement is saying that I am going to get paid on any house you buy.

Many real estate agents will want you to sign an exclusive buyers agreement before they do anything else. Offer to sign a non exclusive buyers agreement. That way you can have more control over the home buying process. Also your real estate agent will be very motivated to provide you with superior service and find you a house that best meets your wants,needs and lifestyle. Much luck to you on making your decision.

Web Reference: http://www.getdcsold.com
Sun Jun 7 2009, 14:03
Jon Tucker
Agent
Ellicott City, MD
FIRST ANSWER

Sonia,

Jon Tucker with RE/MAX 100. Most agents want an exclusive buyer agency agreement. This means that no matter what home you buy within the contract period, you are obligated to see that your realtor gets paid. As the seller pays the fee on your behalf, it is free to you.

This way everyone has solid expectations. Agents all independent contractors who affiliate with Brokers. We spend a lot of time, effort and money to work with our clients and our personal expenses are high. It is in your best interest to have a great relationship with one good realtor vs. several partial relationships with many. Those who don't commit to me won't get my best efforts. If there is a conflict in evening or Saturday showing appointments, guess who I am going with. If there is a last minute showing request, I may not want to rearrange my schedule to accomodate.

If I asked you to come work for me for a week, alongside others, and then decide at the end of the week who gets paid, would you take that deal? Making several realtors run around is not fair to them, nor will you get their best effort.

If you are interested, I would like to work with you to acquire this home or any others in Maryland. Thanks, Jon Tucker, 443.538.4316, TuckerRealty@comcast.net, http://www.JonTuckerHomes.com.

Fri May 22 2009, 06:36

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