Agency
An Arizona buyer's agent who is offered a bonus by the listing broker for selling a specific property should:
AAccept the bonus without disclosure since it is offered by the listing broker
BDecline all bonuses from listing brokers as a matter of ethics
CDisclose the bonus to the buyer client before or during negotiations✓ Correct
DAccept the bonus only if it is less than 1% of the sale price
Explanation
Any additional compensation received by a buyer's agent from the seller or listing broker must be disclosed to the buyer client. Failing to disclose creates a conflict of interest and violates the fiduciary duty of loyalty.
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