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What is the difference between exclusive and non-exclusive brokerage contracts?

The exclusive brokerage contract is the best way to ensure maximum effort on the part of the broker since he is sure to receive a commission if he succeeds in finding you a buyer. By choosing the non-exclusive brokerage contract, you will be able to find a buyer on your own, or use another broker to sell your home.

What is brokerage contract purchase?

By signing an Exclusive brokerage contract Purchase, you make sure that your brokers obligations are defined and that he will fulfil them. The contract can also stipulate what type of follow-up will be done by your broker.

What does a non exclusive contract mean?

Whats a non exclusive contract? Non exclusive contracts are contracts that dont include exclusivity provisions that stop one party from engaging with others. In fact, they may include an explicit non-exclusivity clause that makes it clear that competitive vendors or partners can be engaged.

What is an exclusive brokerage contract?

Exclusive brokerage agreement means a brokerage agreement that gives the principal broker the sole right to act as the agent or representative of the client for the purchase, sale, lease, or exchange of real estate, an option on real estate, or an improvement on real estate.

What does exclusive of brokerage mean?

Exclusive brokerage agreement means a brokerage agreement that gives the principal broker the sole right to act as the agent or representative of the client for the purchase, sale, lease, or exchange of real estate, an option on real estate, or an improvement on real estate.

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