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Updated about 6 years ago on .
Exclusive Buyer Agency Agreement
Hi,
I am making my first offer as a rental property investor and my realtor has given me paperwork for the offer along with some contract papers. One of the paper is about Exclusive Buyer Agency Agreement and one of the paragraphs says:
CLIENT'S OBLIGATION FOLLOWING TERMINATION.
My realtor says what that means is if she shows me a properties and I decide that I dont want to work with her anymore than I should wait 60 days to purchase the property with another realtor. My realtor says this is a standard document that all realtors use and its provided to them from the state.
I obviously don't have much experience in this matter yet so I just wanted to get an opinion from you guys if you are aware that this is a standard document for all realtors?