My agent wants me to sign an "Exclusive Buyer Brokerage Agreement" but I am concerned about a clause that she claims is stand...
Full Question:
Answer:
This clause can be removed from the Agreement. Such a clause is negotiable. For example:
V. Broker's Commission
Broker shall receive a commission of _____% of the first $__________________ of the selling price and ______% of the selling price in excess of that amount if:
Broker procures a buyer who is ready, willing, and able to purchase the property on the terms set forth in this agreement or on terms more advantageous to owner;
Owner actually sells the property to a purchaser procured by broker or by any other broker during the term of this listing; or
Within ______months after the termination of this listing, the property is sold by owner or by any other person to a buyer who was first submitted to owner, directly or indirectly, by broker.