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Updated over 10 years ago,
Exclusive buyer broker contract?
I'm a fairly new investor (fix and flip) working in my area (Maryland); at first I had a great relationship with my realtor. He was responsive, we were getting properties under contract, things were moving fast and well. We had 3 properties under contract (acquisition) within my first 3 months of working with him.
Lately however, I can't get him to respond timely, if at all. He's not sending me any leads, etc. I had bumped into an old friend of mine who's a new agent and told him what I was looking for and he started sending me properties. I'd like to make 3 offers on some of the properties he sent me. However, as I was going back through my old paperwork, and I don't know what possessed me to do so, I saw my VERY FIRST offer I submitted with my other guy had an exclusive buyer broker contract that stated "represent the buyer in acquisition of real property as follows: Any residential property..." I normally never do that, if they require one for an offer, I have them list the property address, but I missed this.
My friend told me it's not a big deal, and that it doesn't limit me from working with another realtor that may bring me the property. Can anyone offer me some advice or info - I just want to make sure I'm in the clear.
BTW - sorry for the long post, it's my first one.