What Is a Protected Buyer List in NYC Real Estate?

Nick at Hauseit (https://www.hauseit.com) demystifies the topic of protected buyer lists in NYC real estate. Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. How it works: https://www.hauseit.com/how-it-works/
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If you are selling a home, you've likely signed a listing agreement with an agent. That listing agreement has a certain term, let's say 180 days. If the agent shows a few buyers the property the day before the agreement expires, there needs to be a way for that agent to get paid but obviously to also just be motivated to follow up with these leads if you hire another agent.

The protected list usually refers to a specific set of names that your current agent is entitled to send to you. If your prior agent converts that buyer and gets them to purchase your home within a certain period of time, you agree to pay them the commission rate stipulated in
your original listing agreement.
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Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014. Learn how it works: https://www.hauseit.com/how-it-works/

Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
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