General Principles Of AgencyCompensation DisclosureMEDIUM
Which statement about buyer agent compensation under the new rules is TRUE?
Correct Answer
B) Compensation must be disclosed and negotiated before showing properties
Under the new rules, buyer agent compensation must be clearly disclosed and agreed upon in writing before the agent can show properties. Sellers can still pay buyer agent fees, but this must be negotiated separately.
Answer Options
A
Sellers are prohibited from paying buyer agent feesB
Compensation must be disclosed and negotiated before showing propertiesC
All buyer agents must charge the same rateD
Buyer agent fees are now regulated by the governmentVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
buyer-agency-agreementsdisclosure-requirementsseller-paid-commissionsagency-relationshipstransaction-brokerage
Key Terms:
NAR settlementbuyer agent compensationwritten buyer agreementMLS compensation rulescommission disclosure
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