A prospective buyer signs an agreement with a broker to find a property for the buyer, and the buyer agrees to work only with that broker. while this agreement is in effect: the broker can represent other buyers.
In general, a prospective buyer is any potential buyer who may be suitable to purchase a business being sold in a sell-side transaction. In the world of M&A, a potential buyer is one of the buyers on the list of potential buyers.
A prospective buyer means a person or entity negotiating or proposing to become the owner or lessee of residential property through a transfer of value to which this Act applies. A potential buyer is someone who may be interested in buying your home.
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