The popularity of co-exclusives on the East End has grown in the downturn according to the local real estate set, with sellers wanting as many outlets as possible to market their homes. Brokers aren't always thrilled with the idea, but, oddly enough, have no real recourse in the matter. 'The surprising news about co-exclusive agreements is they aren't covered by any state statute, so they are neither legal nor illegal.' So they just exist in the suspended world of real estate marketing to be used, or not. [Hamptons Online]
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