General Principles Of AgencyAgreement RequirementsEASY
A buyer representation agreement must include all of the following EXCEPT:
Correct Answer
C) The seller's minimum acceptable price
A buyer representation agreement must include compensation terms, a statement that fees are negotiable, and services to be provided. The seller's minimum acceptable price is confidential and not part of buyer agreements.
Answer Options
A
The amount or rate of compensationB
A statement that compensation is negotiableC
The seller's minimum acceptable priceD
The services to be providedVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
agency-disclosure-requirementsconfidentiality-in-real-estatebuyer-agency-relationships
Key Terms:
buyer representation agreementrequired elementscompensation disclosurenegotiability statementseller confidentiality
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