Tennessee Real Estate License Exam Practice Question
A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients, this means that during the term of this agreement, the broker
Correct Answer: C
Rationale: In an exclusive buyer agency agreement, the broker is entitled to compensation for their services regardless of how the buyer finds the property. This includes properties the buyer locates independently, affirming their right to compensation as per the agreement.
Option A is incorrect because the broker's compensation does not depend on the seller but rather on the terms set with the buyer. Option B is misleading; the broker is not limited to compensation only from their own listings. Option D is also incorrect, as the broker can work with other buyers concurrently, provided they fulfill their obligations to the buyer under the agreement.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now