Agency
In Louisiana, a buyer's agency agreement that includes an 'exclusive right to represent' provision means:
AThe broker has an exclusive listing on all properties the buyer is interested in
BThe buyer agrees to work exclusively with that broker for the specified term and owes the broker compensation even if the buyer finds a property on their own✓ Correct
CThe broker may not cooperate with any other broker
DThe buyer can terminate the agreement at will without compensation
Explanation
An exclusive right to represent buyer agency agreement obligates the buyer to work exclusively with the specified broker for the term. The broker earns their compensation if the buyer purchases any property during the term, even if the buyer found the property independently.
Related Louisiana Agency Questions
- In Louisiana, a buyer's representation agreement is:
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- Which of the following actions by a Louisiana listing agent would be a violation of their fiduciary duty to the seller?
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