EstatePass
General Principles Of AgencyDisclosure RequirementsHARD

If a seller offers to pay a buyer's agent fee through off-MLS negotiation, the buyer's agent must:

Correct Answer

C) Disclose the offer to the buyer and ensure it doesn't exceed the agreed compensation

If a seller offers to pay the buyer's agent fee, the agent must disclose this to the buyer. The agent cannot receive more compensation than agreed upon in the buyer representation agreement.

Answer Options
A
Reject the offer entirely
B
Accept it without telling the buyer
C
Disclose the offer to the buyer and ensure it doesn't exceed the agreed compensation
D
Report the seller to NAR
Video Explanation3 min
Audio Lesson3 min
Study Infographics
Study card infographic for: If a seller offers to pay a buyer's agent fee through off-MLS negotiation, the b
Download

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This General Principles Of Agency Question

Sign up free to unlock full analysis

Background Knowledge for General Principles Of Agency

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in General Principles Of Agency

Sign up free to unlock full analysis

Common Mistakes to Avoid on General Principles Of Agency Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Related Topics:

fiduciary-dutiesagency-relationshipsbuyer-representation-agreements

Key Terms:

fiduciary dutydisclosurecompensation capNAR settlementoff-MLS negotiation
Was this explanation helpful?

More General Principles Of Agency Questions

People Also Study

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing