Morgan Flores signs an exclusive buyer-representation agreement with Riley Reed before touring homes. In that relationship, what type of agent is Riley Reed?
Correct Answer
D) Buyer's agent
Buyer's agent is correct because the facts match a licensee who represents the buyer in locating and negotiating the purchase of property. That is the best description of the relationship, right, or legal concept tested here.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
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A listing agreement creates an agency relationship between:
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