What is a significant risk of non-exclusive agency agreements?

One significant risk of non-exclusive agency agreements is that multiple agents may work with the same client. In a non-exclusive agreement, clients are free to work with more than one agent. This can lead to a situation where several agents are pursuing the same buyer or seller simultaneously, creating confusion and potential conflicts of interest. Moreover, when multiple agents are involved, it can dilute the motivation and effort each agent puts into the transaction since they may not have a guaranteed commission or partnership with the client. This can hinder effective communication and coordination, ultimately making it more challenging to achieve the best outcome for the client.

Other options, while they may present concerns, do not capture the essence of the specific risk associated with non-exclusive agreements. Higher commissions could be related to more services or less competitive pricing, less control over the transaction pertains to the dynamics between agents and clients, and reduced marketing opportunities might relate to an agent's personal limitations, but they do not directly highlight the increased likelihood of multiple agents working with the same client and the complications that arise from that situation.