Simply, it is a contract between the Buyer and their Agent for the purpose of locating and purchasing a home or property. In any real estate transaction, there are two parties involved, the Seller and the Buyer. Traditional real estate agents work for the Seller. A Seller's Agent:
As Exclusive Buyer's Agents, we enter into a contractual agreement with you, the Buyer, and are committed to:
Remember, if you have not contracted with an Exclusive Buyer's Agent, then there is only one contract in existence -- that is, the listing agreement between the Seller and the Seller's Agent. And guess who is operating at a severe disadvantage -- you, the Buyer.
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