Tennessee Real Estate Exam Practice Question
A 3-month exclusive buyer-agency agreement means that during its term the broker
Correct Answer: C
Rationale: A 3-month exclusive buyer-agency agreement establishes a commitment between the buyer and the broker. Under this agreement, the broker is entitled to compensation even if the buyer finds a property independently.
Option A is incorrect because the broker's compensation does not depend on the seller but rather on the buyer's agreement. Option B is misleading; the broker can earn a commission on any property purchased, not just their listings. Option D is also wrong, as the broker can still show properties to other buyers; the exclusivity pertains to the buyer's commitment to that broker, not a limitation on the broker's activities.
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