In a non-exclusive (open) buyer agency, the buyer is not committed to a single agent. Multiple agents may assist the buyer, but only the procuring cause agent earns the commission. This arrangement offers flexibility but may result in less dedicated service.
A buyer has non-exclusive agreements with three agents. Agent A finds and shows the buyer a home they purchase. Only Agent A earns the commission because she was the procuring cause.
Compare with exclusive buyer agency. Non-exclusive means the buyer CAN work with multiple agents. The key question on exams: who gets paid? Answer: only the procuring cause agent.
Related Terms
Related Concepts
The fiduciary obligations a buyer's agent owes to their client, including loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care.
A form that explains to the buyer the types of agency relationships available and the duties associated with each, required to be provided before substantive discussions begin.
The practice of a listing broker sharing commission with a buyer's broker, historically offered through the MLS but now prohibited from MLS display under the 2024 NAR settlement.
An initial meeting between a buyer and agent to discuss the buyer's needs, explain agency relationships, review representation agreements, and establish expectations for the home-buying process.
The duty of a buyer's agent to act solely in the buyer's best interest, avoiding any conflicts of interest and putting the buyer's needs above the agent's own financial interests.
Frequently Asked Questions
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