Should I Sign an Exclusive Contract With a Real Estate Agent?
Should you sign an exclusive contract with a real estate agent? Here are the pros and cons of this move when buying or selling a home.
Have you been asked by your real estate agent to sign an exclusive contract? Or perhaps you’ve heard that you, as the home seller or buyer, should ask your real estate agent for an exclusive contract. No matter who brings up the topic of signing on the dotted line, there are pros and cons for both sides of having an exclusive contract with a real estate agent.
How Much Is Your Home Worth Now?
Get a near-instant home value estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.
In this post, we’ll explain what an exclusive contract is, why either side may want this kind of agreement, and give you expert insights to help you decide if it’s right for you in your upcoming real estate transaction.
For real-world insights on exclusive contracts for agents, buyers, and sellers, we spoke with Scott Myers, broker-owner of Century 21 Scott Myers, Realtors in San Antonio, Texas, who has over 50 years of experience in the real estate business.
