Agency
What is a 'non-exclusive buyer agency agreement' in Delaware?
AAn agreement prohibiting the buyer from working with any other agent
BAn agreement where the buyer retains the right to work with multiple agents and is only obligated to pay the agent who actually procures the property they purchase✓ Correct
CAn agreement in which the agent represents the buyer and seller simultaneously
DA standard buyer agency form required by Delaware law
Explanation
A non-exclusive buyer agency agreement allows the buyer to work with multiple agents. The buyer owes compensation only to the agent who actually procures (finds) the property they purchase. In contrast, an exclusive buyer agency agreement requires the buyer to work only with that agent for a defined period. Non-exclusive agreements give buyers flexibility but may reduce agent incentive.
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