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Updated almost 10 years ago,
Buyer's agent contracts
I'm in the process of putting in offer for a property, which was introduced to me by a realtor (though it's also publicly available on Zillow). Before putting in the bid, he's asking me to sign a buyers agent contract. There are two things with this contract that I don't like.
1. An exclusivity arrangement for all enquiries relating to the purchase of any single family property 50k to 100k through oakland county MI to be done through this broker for a period of 3 months.
2. An $295 fee that must be paid, even if I decide to not go through the purchase.
I don't recall having to do either of these with my previous purchase. Is this something I can ask to be removed from the contract or negotiate out? I'm a real estate investor in Oakland County, Michigan obviously.