Agency
A Kentucky buyer signs an exclusive buyer agency agreement for 6 months. The buyer then purchases a home directly from a builder 3 months later without the agent. The agent:
AHas no recourse since the builder is not in the MLS
BMay be entitled to compensation under the exclusive agreement✓ Correct
CMust release the buyer since it was a new construction purchase
DCan only recover compensation if they showed the buyer similar properties
Explanation
An exclusive buyer agency agreement entitles the agent to compensation regardless of how the buyer finds the property, including new construction. The agent should review the agreement's terms regarding new construction to determine their rights.
Related Kentucky Agency Questions
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