An Exclusive Right To Buy Buyer Agency Contract May Apr 2026
The contract explicitly outlines how the agent gets paid. While sellers often cover buyer agent fees, the contract may:
It may define the type of property (e.g., "single-family residential" vs. "commercial"). 🚪 Provide a Protection Period
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: an exclusive right to buy buyer agency contract may
If the seller offers less than the agreed-upon percentage, the buyer may be responsible for the difference.
The agent must prioritize the buyer's needs over their own commission. 💰 Define Commission and Compensation The contract explicitly outlines how the agent gets paid
Under this agreement, the agent is legally obligated to act in the buyer’s best interest. This "fiduciary" duty includes:
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? 🚪 Provide a Protection Period Even if the
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.