top of page
Exclusive Agency

Exclusive Agency

When it comes to buying or selling a home, there are various types of agency agreements that a homeowner can enter into with a real estate agent. One such agreement is an exclusive agency, which means that the seller agrees to work exclusively with one agent and their brokerage to buy or sell the property. This means that no other agents can market or show the property, and if the seller finds a buyer on their own, they still have to pay the exclusive agent a commission. In return, the exclusive agent is responsible for putting in their best efforts to market and sell the property. While an exclusive agency agreement can provide some benefits in terms of dedicated attention and resources from a single agent, it also limits the seller's options. There is also a risk of the exclusive agent not performing as well as expected, and the seller being stuck in a contract with them. Additionally, because the exclusive agent has all the control in the transaction, they may not be as motivated to negotiate the best deal for the seller since there's no competition from other agents. While exclusive agency agreements can be beneficial in certain situations, sellers should carefully weigh the pros and cons before signing on the dotted line. It's essential to choose an agent who has a proven track record of success and has the skills to get the job done right. Ultimately, the decision to go exclusive should be based on the seller's needs, goals, and comfort level with the agent they choose to work with.
bottom of page