The agent must reveal any known material facts about a property.
If a buyer finds a "For Sale By Owner" (FSBO) or visits an open house, they must notify their agent to handle the negotiations. 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 reveal any known material facts
The contract explicitly outlines how the agent gets paid. While sellers often cover buyer agent fees, the contract may: The contract explicitly outlines how the agent gets paid
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.
The agent cannot share the buyer’s maximum budget or motivations with sellers.