Which Of The Following Is True Regarding A Buyer Representation Agreement

An exclusive contract representing the buyer obliges the buyer to indemnify the agent if the buyer acquires a property of the type described in the contract, even if the buyer finds the independent ownership. All of the following reasons constitute valid basis for terminating a buyer`s representation agreement UNLESS the respective designated licensees must submit an opinion on the value to the respective interested potential buyer and seller? I understand that it is important to have a written representation agreement when representing a buyer and that it is necessary for a broker to have a written agreement signed by the person who agrees to pay a commission to assert this right against a client. But why should I worry about this fee issue, since in my market, the seller`s agent almost always pays the broker`s fees cooperating among MLS residential offerings? Our company`s website contains the “Brokerage Services Information” form (TAR 2501), which can be read and downloaded by anyone who visits the website. If we meet a potential buyer in one of our listed homes and the buyer says they found the home on our website and read the form on the website, do we still need to give them a copy of the form when we first meet them in the listed home? It is not a contract between the seller and a buyer and therefore cannot be imposed on the seller by a buyer, even if the buyer can make an offer that is the “mirror image” of the terms of the offer. However, in such a case, the seller may owe the broker a full commission because he has achieved the result that the offer required: a capable buyer who is willing and willing to buy according to the terms of the offer. C) the buyer is liable for damages. A seller hired a broker under the terms of an open registration contract. While this agreement was still in effect, the seller – without informing the first broker – hired another broker from a separate company under an exclusive right to sell the same property. If the first broker produces a buyer for the property whose offer the seller accepts, the seller must pay a full commission to a buyer who has signed an agreement with a broker to compensate the broker, even if the buyer buys the property from a relative. This is called a seller A who indicates his place of residence with a broker. The broker made an offer at full price and under the terms of a buyer`s listing agreement who is willing, willing and able to make a cash payment for the property, but the seller rejected the buyer`s offer.