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Updated about 3 years ago on . Most recent reply

Timothy W.'s profile image
Timothy W.'s profile image
Timothy W.
  • Member since Aug 16, 2021
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Timothy W.'s profile image
Timothy W.'s profile image
Timothy W.
  • Member since Aug 16, 2021
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Timothy W.
2
Votes |
4
Posts
Starting Out

Exclusive Buyer-Broker Agreement

Timothy W.
Posted

I just moved to Utah and am interviewing RE agents to partner with.  I have had some great conversations with the owner of a brokerage in Salt Lake City, but to do business they want me to sign an Exclusive Buyer-Broker Agreement and Agency Disclosure.  

Is this typical or even desirable?  In paragraph 2 it seems to state that if I find a property without the help of the brokerage or its agents, and that property is not listed with a brokerage, I will still be obligated to pay this firm the brokerage fee.  Am I reading this correctly?

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Andy Jenkins's profile image
Andy Jenkins's profile image
Andy Jenkins
  • Realtor
  • from Minneapolis MN & Salt Lake City, UT
  • Member since Nov 27, 2018
  • Posts 84
  • Votes 61
  • Experience 6 Yrs
  • Investments 2
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User Stats

84
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61
Votes
Andy Jenkins's profile image
Andy Jenkins's profile image
Andy Jenkins
  • Realtor
  • from Minneapolis MN & Salt Lake City, UT
  • Member since Nov 27, 2018
  • Posts 84
  • Votes 61
  • Experience 6 Yrs
  • Investments 2
Connect
Andy Jenkins
  • Realtor
  • Minneapolis MN & Salt Lake City, UT
61
Votes |
84
Posts
Andy Jenkins
  • Realtor
  • Minneapolis MN & Salt Lake City, UT
Replied

Yes you are reading it correctly. It's a professional contract for professional services.

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