Arizona License LawIntermediateArizona Exam
An Arizona licensee who represents a buyer in a transaction where the seller is offering 'no buyer agent commission' should:
ARefuse to show the property unless the seller agrees in writing to pay at least 2% cooperating broker commission, since Arizona law requires equal compensation
BInform the buyer that compensation arrangements may affect buyer costs and discuss options including buyer-paid compensationCorrect
CShow the property but decline to prepare an offer, since submitting a buyer offer without a commission agreement constitutes unlicensed practice under Arizona law
DContact ADRE for a guidance letter before proceeding, since showing property where no commission is offered requires prior ADRE authorization
Why Inform the buyer that compensation arrangements may affect buyer costs and discuss options including buyer-paid compensation Is Correct
Answer B: Inform the buyer that compensation arrangements may affect buyer costs and discuss options including buyer-paid compensation
When seller-paid buyer agent compensation is not offered, the buyer's agent must inform the buyer of the situation and discuss how the agent will be compensated, which may require a buyer-paid fee arrangement per the buyer representation agreement.
Key Arizona License Law Terms in This Question
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Math Concepts
State-Specific Concepts
DRE Regulation
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