MULTISTATE FORM US00472B CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE NO BROKER VACANT RESIDENTIAL LAND WARNING: THIS CONTRACT HAS SUBSTANTIAL LEGAL CONSEQUENCES AND THE PARTIES ARE ADVISED TO CONSULT LEGAL AND TAX COUNSEL 2025

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MULTISTATE FORM US00472B CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE NO BROKER VACANT RESIDENTIAL LAND WARNING: THIS CONTRACT HAS SUBSTANTIAL LEGAL CONSEQUENCES AND THE PARTIES ARE ADVISED TO CONSULT LEGAL AND TAX COUNSEL Preview on Page 1

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If you sign an exclusive agreement, the broker is entitled to a commission whether they were directly involved in your purchase or not. If you sign a non-exclusive agreement, the broker is only entitled to compensation if they actively helped you buy the property.
Whats a major disadvantage of a non-exclusive buyer brokerage agreement? The disadvantage of of a non-exclusive agreement is that agents are more likely to put your needs behind those of their clients who have signed exclusive buyer brokerage agreements with them.
Again, as-is does not mean the seller can hide important details about the house. It simply means that, for whatever reason, the seller wont be doing repairs - and that the buyer should be willing to accept the house in its current condition.
Exclusive agreements limit a partys ability to work with another, meaning that the exclusive party offers services or products not provided elsewhere. Non-exclusive indicates that the non-exclusive party can work with anyone, including employees, competing products, and customers.
Alternatively, a non-exclusive buyer agreement does not lock you into a long-term commitment with an agent, or it allows you to work with more than one agent. You might decide to work with two or more agents if youre searching for homes in two different cities.
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