Agency
In Indiana, a 'non-exclusive buyer agency agreement' differs from an exclusive agreement in that:
AIt only covers properties listed on the MLS
BThe buyer is free to work with other agents simultaneously without owing compensation to this agent if they buy through a different agent✓ Correct
CIt is limited to 30 days in duration
DIt provides fewer fiduciary protections for the buyer
Explanation
Under a non-exclusive buyer agency agreement, the buyer retains the right to work with other agents. The agent is only entitled to compensation if the buyer purchases a property that this agent introduced or showed to them.
Related Indiana Agency Questions
- In Indiana, disclosed dual agency requires:
- When must an Indiana licensee update their agency disclosure if the agency relationship changes (e.g., from single agent to dual agent)?
- Under Indiana agency law, a dual agent must obtain written consent from:
- An Indiana broker's duty to disclose material facts extends to:
- Indiana requires that the agency disclosure form be provided to a consumer:
- The fiduciary duty of confidentiality requires an agent to:
- In Indiana, a seller's agent may share confidential client information with a buyer if:
- A buyer's broker in Indiana who discovers their buyer client has a criminal background that may affect their ability to purchase must:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →