Question

When you have an exclusive contract with a real estate agent, what should you expect and not expect?

Answer 1

Answer:

You should expect the following when you sign an exclusive contract with a real estate agent as a buyer:

• the agent has to locate and identify potential properties that might interest you, and advice you about a fair market price
• the agent is responsible for reviewing the paperwork
• the agent is also responsible for preparing purchase offers, and other related services

You should expect the following when you sign an exclusive contract with a real estate agent as a seller:

• the agent has to locate and identify potential buyers that might be interested in your property, and try to obtain the best possible price.
• the agent is responsible for reviewing the paperwork
• the agent is also responsible for negotiating purchase offers