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Listing home with agent, do they choose who to work with?

I’m watching Selling Sunset, lol.. 1. I’m confused as to why their commission rates are so high 20-30%. 2. The agent has a home to sell, do they only sell to buyers that they also represent? It seems like their sellers AND buyers both come from the same brokerage and i’m just confused, aren’t other brokerages allowed to also put in offers? or is it an exclusive thing to their brokerage, and if so, is that common?

submitted by /u/krn_01
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source https://www.reddit.com/r/RealEstate/comments/vgeud8/listing_home_with_agent_do_they_choose_who_to/
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