Agency
A buyer in Florida signs a buyer broker agreement that provides for 'exclusive buyer agency.' This means the buyer:
AMay work with other brokers simultaneously
BOwes the broker compensation if the buyer purchases any property during the agreement term✓ Correct
CMay only buy properties listed by the broker's firm
DWill only pay commission if the property is found through the MLS
Explanation
An exclusive buyer broker agreement requires the buyer to pay the designated broker if they purchase any property (or sometimes within a defined scope) during the agreement period, regardless of how the property is found.
Related Florida Agency Questions
- In Florida, the listing broker's duty to present offers continues until:
- A Florida buyer's agent learns that their buyer is willing to pay $50,000 more than the asking price. The agent should:
- A Florida licensee who represents only the seller in a transaction is acting as a:
- A Florida real estate agent recommends a specific home inspector to their buyer client. If the agent has a business relationship or financial interest in the inspection company, the agent must:
- The Florida 'No Brokerage Relationship' notice must be given to a customer:
- In Florida, 'puffing' by a real estate agent is best described as:
- Designated sales associate representation in Florida allows:
- When a Florida buyer's agent prepares a comparative market analysis (CMA) for the buyer, this is considered:
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →