On one LOI that I'm negotiating, the broker is advocating for adding a clause to the exclusivity section which allows him to continue to advertise the deal and take back-up offers so long as he doesn't communicate those with the seller. They would just be in reserve if our deal falls through. Is this normal?

I get the desire of the broker to protect their process and minimize dead time from a lost deal, but I also don't want another buyer to swoop in during what is supposed to be an exclusive period. Maybe I can protect so that, if the seller walks but goes under LOI with someone else within 60 days, they must cover my deal expenses?

Any input appreciated. Thanks!