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General Principles Of AgencyOpen HousesMEDIUM

A buyer touring open houses without a buyer representation agreement:

Correct Answer

B) Is likely being shown the property by the listing agent or seller

At open houses, if a buyer doesn't have a buyer representation agreement, they are typically being shown the property by the listing agent (who represents the seller) or by the seller directly. The buyer has no agent representation in this scenario.

Answer Options
A
Can still claim the listing agent as their representative
B
Is likely being shown the property by the listing agent or seller
C
Automatically has representation from NAR
D
Must sign an agreement before entering the property
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Related Topics & Key Terms

Related Topics:

buyer-representation-agreementsagency-disclosure-requirementsfiduciary-duties-in-real-estateopen-house-procedures

Key Terms:

listing agentbuyer representation agreementopen houseagency relationshipfiduciary duty
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