In a buyer representation agreement, what is the typical duration of the exclusive period?
Correct Answer
C) 90 days
Buyer representation agreements typically have an exclusive period of 90 days, though this can be negotiated between the buyer and their agent. This timeframe provides sufficient opportunity for the agent to effectively represent the buyer while not being overly restrictive.
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In a buyer representation agreement, what is the primary duty of the real estate agent to their client?
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In a complex multiple representation scenario, Agent A represents the seller, Agent B represents the buyer, but both agents work for the same brokerage. The buyer wants to submit an offer $20,000 below asking price. How should this confidential information be handled?