EstatePass
General Principles Of AgencyNegotiability DisclosureEASY

A buyer's written agreement must clearly state that:

Correct Answer

B) Broker fees and commissions are not set by law and are fully negotiable

Buyer representation agreements must include a clear statement that broker fees and commissions are not set by law and are fully negotiable. This ensures buyers understand they can negotiate compensation terms.

Answer Options
A
The buyer will purchase a home within 90 days
B
Broker fees and commissions are not set by law and are fully negotiable
C
The seller will always pay the buyer's agent commission
D
The buyer must use the agent's preferred lender
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Related Topics & Key Terms

Related Topics:

agency-disclosure-requirementscommission-structuresconsumer-protection-regulations

Key Terms:

buyer representation agreementcommission negotiabilityantitrust disclosurebroker compensationmandatory agreement content
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