(CRE) Realtor buyer commission and exclusivity clause

[Steve Saussier]

Hi,

For those who buy/sell commercial real estate, I had a quick question. How do you work on the terms with your preferred realtor? Assuming you have a one year contract with your realtor:

Apart from the usual buyer representation commission, do you have any exclusive clause with your realtor? For example incase iIf you identify an asset in the market that already has a realtor representation on both the buyer and seller side, do you reserve the right to proceed with the deal independently, or do you have to bring in your realtor?