Exclusive representation agreement

Real estate agents require often potential customers to sign the so-called "exclusive representation agreement". The agreement aims ensure that the client works with agent during a specified time period. It is to its exclusive written representation agreement the conditions of the relationship between a buyer and his estate agents designed. It ensures that the buyer not multiple agents have looking for properties to the time.SignificanceOnce buyer signed an exclusive representation agreement it contractually by the provisions of the agreement is bound. Essentially, the purchaser must give the agent the amount of time that the agreement, an appropriate property.FeaturesAn exclusive representation agreement generally contains a provision to which the buyer find works with other officers for the duration of the agreement. As a rule, ends the agreement at a given time and contains a section on the remuneration for his services agent. The agreement must be signed by the agent and the purchaser.