Section 1.1 Definitions. INTRODUCTION: These guidelines are provided to assist an agent who is completing the Exclusive Buyer Agency Agreement.Christopher E. Franklin works with other top broker Brian J. Manning, providing clients the highest level of service and results. In an exclusive agency agreement, one agent has the sole right to represent and sell your property. They earn the agreed commission when your property sells. "Custodial and Paving Agency Agreement" shall mean the Custodial and. Paying Agency Agreement dated as of the date hereof, between Debtor, Secured Party and the. Explore the pros and cons of exclusive, sole, and open agency agreements to find the best approach for your property sale. Custodial and Paying Agency Agreement and from moneys on deposit in the Distribution. Account. Dual agency occurs when a single real estate agent or broker represents the buyer and seller in the same transaction.