General Principles Of AgencyBuyer ResponsibilityMEDIUM
What happens to the buyer's agent compensation if the seller refuses to contribute?
Correct Answer
B) The buyer is responsible as outlined in their agreement
If the seller does not agree to pay the buyer's agent compensation, the buyer is responsible for paying their agent as specified in the written buyer representation agreement they signed.
Answer Options
A
The agent works for freeB
The buyer is responsible as outlined in their agreementC
The transaction is automatically cancelledD
The listing agent must payVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
buyer-representation-agreementsagency-relationshipscompensation-disclosure
Key Terms:
buyer's agent compensationwritten buyer agreementNAR settlementseller contributioncompensation obligation
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