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[Music] an exclusive right to buy listing agreement is used by brokers and their agents to submit to prospective buyers theyre offered to render services on their behalf under it the broker and agent are employed to locate property sought by the buyer in exchange for the buyers assurance a fee will be paid when the buyer requires the type of property they seek a buyer who refuses to enter into a written listing agreement with a broker demonstrates a clear intention they do not truly want the broker or their agents to function as a representatives what this unlisted buyer likely wants is an agent to act as a locator or finder of properties providing valuable information without any obligation to compensate them for their assistance possibly the buyers not even committed themselves to buy a property they are just looking thank you very much practice tip without the buyers written promise to pay a fee youre entitled to nothing when a buyer goes around you and acquires property on which
