An early possession arrangement lets a buyer move in before legal possession transfers, which means before title and money have actually changed hands through ISC and the lawyers' trust accounts. A careful agent insists on a written agreement covering insurance, utilities and what happens if the deal falls apart after the buyer has already moved boxes in.
A careless agent treats it as a formality and skips the insurance and default provisions, which leaves both sides exposed if financing or a condition fails after the buyer is already living there. Ask any agent proposing this arrangement how they have handled at least one before, not just whether they know the term.
Joel Dyck involves a lawyer in any early possession request from the first conversation, not after the fact. Get your hand-reviewed valuation from Joel Dyck.