Non-exclusive or the Exclusive Cooperative Option Agreement
QUESTION:
I’ll take your advice about not liking the t/b paying the lender directly. I’ll have them pay the homeowner. Do you use the non-exclusive or the exclusive coop agreement? Why do you prefer one over the other?
I was thinking that the non exclusive will allow me to put less money down because it doesn’t ask the seller to take the house off the market while I have it under contract.
If I understand correctly, I won’t get paid if they find a buyer on their own while I have the property under the non exclusive contract, correct?
ANSWER:
Right again!

