Agency
An Indiana buyer asks their buyer's agent to help them make an offer on a For Sale By Owner (FSBO) property. The buyer's agent should:
ARefuse to show FSBO properties
BOffer to assist and contact the FSBO seller to arrange showing and negotiate compensation✓ Correct
CAutomatically reduce their buyer's representation fee
DOnly assist if the FSBO agrees to pay full co-broke commission
Explanation
A buyer's agent may assist their buyer client with a FSBO purchase. They should contact the FSBO seller, negotiate their compensation (which may come from the seller or directly from the buyer per their representation agreement), and proceed to assist.
Related Indiana Agency Questions
- A principal may terminate an agency relationship at any time. However, doing so before the agency term expires may result in:
- Indiana's definition of 'substantive contact' that triggers the agency disclosure requirement includes:
- When does an agency relationship typically terminate?
- Indiana's Seller's Residential Real Estate Sales Disclosure requires sellers to disclose their knowledge of defects in:
- In Indiana, disclosed dual agency requires:
- A listing agreement creates which type of agency relationship?
- Express agency is created by:
- In Indiana, written agency disclosure must be provided to a consumer:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →