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General Principles Of AgencyAgreement ScopeMEDIUM

If a buyer finds a property on their own after signing a buyer representation agreement, they:

Correct Answer

B) May still owe their agent compensation depending on the agreement terms

Even if a buyer finds a property independently, they may still owe their agent compensation depending on the specific terms of their buyer representation agreement. These agreements often cover any property purchased during the agreement term.

Answer Options
A
Owe nothing to their agent
B
May still owe their agent compensation depending on the agreement terms
C
Must use the listing agent instead
D
Can cancel the agreement without notice
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Related Topics & Key Terms

Related Topics:

buyer-representation-agreement-typesagency-disclosure-requirementscontract-termination-procedures

Key Terms:

buyer representation agreementbuyer agent compensationexclusive buyer agreementcontract termsagency relationship
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