exclusive buyer agreements
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exclusive buyer agreements
I signed an exclusive buyer agreement and am not happy with the agent services.
we can not come to a mutual agreement to dismiss the contract. A family friend is
looking to sell their house and does not want to use agents to save money. This
agent does not know about the hosue and will not be showing me the house. If i
purhcase the house am i going against our contract?
Asked on June 23, 2019 under Real Estate Law, Minnesota
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 4 years ago | Contributor
While for a definitive answer about your situation you need to review what this contract says, since every contract is enforcedc according to its own terms, as a general matter, yes--you could be violating the contract. The typical exclusive agent agreement requires payment of a commission to the agent for all house sales, regardless of how the seller and buyer became aware of each other (i.e. whether or not the agent brought them together).
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