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.
Why This Is the Correct Answer
More Buyer Representation Questions
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?
- → If a buyer wants to see a For Sale By Owner (FSBO) property, what is required under the new rules?
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