Tennessee Real Estate 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: During the exclusive buyer agency agreement, the broker is entitled to compensation regardless of how the buyer finds the property. This means that even if the buyer locates a property independently, the broker's right to compensation remains intact, as they have committed to representing the buyer's interests.
Option A is incorrect because the broker is not compensated by the seller but rather by the buyer or through agreed terms in a transaction. Option B misrepresents the broker's rights, as they can earn a commission from any property, not just their own listings. Option D is wrong because the broker can still show properties to other clients, as the agreement does not restrict them from working with multiple buyers simultaneously.
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