The written buyer agreement requirement applies to:
Question & Answer
Review the question and all answer choices
Only first-time homebuyers
Option A is incorrect because the written buyer agreement requirement applies to all buyers, not just first-time homebuyers. Whether a buyer is purchasing their first home or their tenth, if they are working with an agent to view MLS-listed properties, a written agreement is required. The requirement is based on the agency relationship, not the buyer's experience level.
Only buyers looking at homes over $1 million
Option B is incorrect because the written buyer agreement requirement applies regardless of the property's price point. There is no price threshold that exempts buyers from this requirement. Whether a buyer is looking at homes under $100,000 or over $1 million, if they are working with an agent to view MLS-listed properties, a written agreement is necessary.
All buyers working with agents to view MLS-listed properties
Only buyers who want exclusive representation
Option D is incorrect because the written buyer agreement requirement applies to all buyers working with agents to view MLS-listed properties, not just those seeking exclusive representation. The requirement exists for any agency relationship, whether it's exclusive or non-exclusive representation. The written agreement documents the agency relationship regardless of its exclusivity.
Why is this correct?
The correct answer is C because written buyer agreements apply universally to all buyers working with agents to view MLS-listed properties. This requirement exists regardless of whether buyers are first-time purchasers, the property's value, or whether they want exclusive representation. The MLS system's standardized nature necessitates consistent documentation practices.
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