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Updated over 8 years ago,
Agent Exclusivity Agreement Yes/No?
Friends,
I'm looking to purchase my first investment in Oakland CA with cash. I met an agent that made a good impression but requires an exclusivity agreement (four months minimum).
Would you sign such an agreement in the Bay Area hot market? I'm wondering what if I decided to buy from a wholesaler - I will have to pay my agent 2.5% out of pocket for a listing that they didn't bring. It will probably be helpful to have someone experienced around but again - would you commit to one person?
I wholeheartedly believe that people should be paid well for their work and I'm here to create long-lasting relationships so I would never cut someone short of what they deserve.
What would you do? Very much appreciate your input or sharing of personal experience...
- Ofer Dallal