Quote from @Nathan Gesner:
Quote from @Silo Mansaray:
I came across a real estate agent that I meetup with in person and wants me sign a "Exclusive right to represent buyer for residential property". I told her that I do work with other agents. As a new investor should I sign it or not. Yes or No, why and please advise.
The agent only gets paid if you buy something through them. There's no point in spending time/energy/money working with you when there's a chance you could make the offer through another agent and leave them hanging high and dry.
If you aren't willing to commit to me as your agent, I'm not going to put any effort into working with you.
I think I look at this in a different way (maybe I don't know the definition of exclusivity, but sounds like he can't work with another agent). How does the OP know if this agent is any good or not? They met at a networking event. Why would the OP tie himself down to an exclusivity agreement. If the agent brings him a good deal he will buy, this does not require an exclusivity agreement. Is the agent only working for the OP exclusively, no, seems to be a one way street to me. If the OP doesn't like the deal the agent can take it to someone else. But as I said, maybe I don't know the nuances of what the exclusivity agreement entails.