Kentucky License Law
Under KRS Chapter 324, the written buyer agency agreement must include all of the following EXCEPT:
AThe term of the agreement
BThe buyer's preapproval loan amount✓ Correct
CThe agent's compensation
DThe duties of the agent
Explanation
A buyer agency agreement must include the term, agent's compensation, and duties/obligations. The buyer's loan preapproval amount is personal financial information not typically required in the agency agreement itself.
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