easy · National Real Estate Exam agency
A buyer's agent represents a client who has a limited budget. The agent finds a 'For Sale By Owner' property that perfectly fits the buyer's needs but offers no commission to the agent. The agent should:
- Show the property but try to discourage the buyer from liking it.
- Not show the property to the buyer since there is no commission.
- Inform the buyer about the property and discuss commission payment options.
- Tell the buyer the property is already under contract to avoid doing 'free work.'
Sign up free to see the explanation and track your rank →
More National Real Estate Exam agency practice
- If a broker's trust account contains earnest money for ten different transactions, and the
- An agency relationship that is created by a principal's actions leading a third party to r
- An agent's power to bind a principal to a contract is known as their:
- If a broker acts as a transaction coordinator (facilitator) and does not represent either
- If a person acts as an agent without prior authorization and the principal later accepts t
- If a seller instructs an agent to hide a known material defect in the property, the agent
- In a standard real estate transaction, to whom does the agent owe the full range of fiduci
- In which type of agency creation does the principal's silence or failure to object play a