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How do I get out of an exclusivity agreement?

Breaking an Exclusivity Clause If you break the terms of an exclusivity clause and sell for or purchase goods from another vendor, the penalties could be extremely harsh. At best, the company you have signed the agreement with could cancel the terms and require that you pay for the products you have agreed to purchase.

Is dual agency legal in North Carolina?

Dual agency is allowed in North Carolina and every other state in the country. It can be quite convenient and lucrative for the broker because the broker gets to keep the entire commission.

What is the difference between an exclusive listing and an exclusive right to sell?

The primary difference between exclusive agency and exclusive right-to-sell relates to commission fees. In an exclusive agency listing, the seller only pays fees if the agent sells the property. In an exclusive right to sell agreement, the seller must pay realtor fees regardless of if the property is sold.

What is an exclusive right to sell?

"Exclusive right to sell" is a type of listing contract you enter into with a real estate agent. Put simply, it says that the signing agent is the only person allowed to market and sell your property for a certain amount of time.

Can a real estate agent represent both buyer and seller in North Carolina?

In North Carolina, a licensed real estate agent is not permitted to act for more than one party in a transaction without disclosing to all parties the nature of the dual agency relationship.

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