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.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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