Agency
Which of the following BEST describes a 'non-exclusive buyer broker agreement' in Arizona?
AThe buyer is prohibited from working with any other broker
BThe buyer may work with multiple brokers simultaneously and only owes compensation to the broker who procures the property✓ Correct
CThe buyer must pay the broker's full commission regardless of who finds the property
DThe broker may also represent the seller in the same transaction
Explanation
A non-exclusive buyer broker agreement allows the buyer to work with multiple brokers. Compensation is typically owed only to the broker who procures (finds) the property the buyer ultimately purchases.
Related Arizona Agency Questions
- An agent who acts beyond the authority granted by the principal is acting:
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