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General Principles Of AgencyAgreement TerminationMEDIUM

What must happen if a buyer wants to switch from one buyer's agent to another?

Correct Answer

B) The original agreement must be terminated according to its terms before signing a new one

If a buyer wants to switch agents, they must first terminate their existing buyer representation agreement according to its terms. This may involve waiting for the agreement to expire or negotiating an early termination.

Answer Options
A
Nothing, buyers can switch freely at any time
B
The original agreement must be terminated according to its terms before signing a new one
C
The buyer must pay both agents full commission
D
The two agents must agree to split the commission
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Related Topics & Key Terms

Related Topics:

buyer-agreement-typesagency-disclosurecontract-termination

Key Terms:

buyer representation agreementexclusive buyer agencycontract terminationNAR settlementfiduciary duty
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