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.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Buyer Representation Question
Background Knowledge for Buyer Representation
Real World Application in Buyer Representation
Related Topics & Key Terms
Related Topics:
Key Terms:
More Buyer Representation Questions
What must happen if a buyer wants to switch from one buyer's agent to another?
Which entity enforces the new buyer representation agreement requirements?
The written buyer agreement requirement applies to:
The written buyer agreement requirement helps ensure:
According to the NAR settlement, buyer brokers cannot:
- → Under the new rules, can buyer agent compensation be included in the buyer's mortgage financing?
- → What is the primary antitrust concern that led to the NAR settlement?
- → The NAR settlement affects which of the following?
- → A buyer's agent compensation can be structured as:
- → What happens if a buyer refuses to sign a buyer representation agreement?
- → If a buyer finds a property on their own after signing a buyer representation agreement, they:
- → Which statement about buyer agent compensation under the new rules is TRUE?
- → Which of the following practices is NOW PROHIBITED under the NAR settlement?
- → A buyer's written agreement must clearly state that:
- → Under the 2024 NAR settlement rules, when must a buyer's agent have a written agreement with a buyer before showing properties?
People Also Study
Property Ownership
10% of exam
Land Use Controls and Regulations
8% of exam
Valuation and Market Analysis
10% of exam
Financing
12% of exam