Remove Watermark in the Exclusive Purchasing Agency Agreement

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Aug 6th, 2022
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How to Remove Watermark in the Exclusive Purchasing Agency Agreement

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Exclusive agency means you agree to let one agent and their brokerage (basically, the company they work for) be the only ones to market your home. They get the unique rights to the listing.
For exclusive agency agreements, the seller still retains the right to market and sell the home without paying a commission to the listing firm or agent, if the seller finds the buyer independently. Anyone who hires a real estate agent signs an agreement. In case of sellers, it is the exclusive agency listing.
Exclusive right to sell vs exclusive agency With the exclusive right to sell, the agent and their brokerage make a commission no matter who finds the buyer. With an exclusive agency agreement, on the other hand, you retain the right to market and sell to a buyer yourself without paying a commission to the agent.
Termination of an Agency Agreement Normally, the exclusive period is 90 days. If the exclusive agency period exceeds 90 days and the property is not sold, you can terminate the agreement by providing 30 days written notice to the agent at the end of the 90 days.
Exclusive Agency Listing Agreement In this type of agreement, the homeowner gives the real estate agent exclusive right to sell the home by representing himself as a selling agent. But, in an exclusive agency agreement, the broker only gets a commission if they bring buyers.
Exclusive Agency Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker if the property is sold through the efforts of any real estate broker.
With exclusive right to sell, the broker has the exclusive right to market the property and receive a commission regardless of who procures the buyer. With exclusive agency, the owner retains the right to find a buyer and sell the property and owe the exclusive broker no commission.
Buyer-Broker Exclusivity Under this clause, you agree to work only with the buyer and agency that you chose. This means you cant turn around and ask another agent to show you a property or write a purchase offer for you.

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