Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
This is an agreement of exclusive agency. The exclusive agency term means that any agent has the exclusive marketing and selling rights for a property. This agreement is usually inked between real estate developers, firms, and companies, along with agents or property sellers.
These are common contracts in the mainstream real estate sector. They help in regulating sales agreements for particular projects. They confer powers on agents to exclusively promote, market, and sell properties. Generally these are done between reputed real estate brands and agents. The agent in question can be an individual or a well-known real estate agency/brokerage as well. Here, the seller has the right to exclusively sell or market the property, without any commission being paid.
