Agency
In Michigan, the creation of a buyer agency relationship requires:
AOnly verbal agreement between buyer and agent
BA written buyer agency agreement signed by the buyer and broker✓ Correct
CLARA registration of the buyer agency agreement
DPayment of an upfront retainer fee
Explanation
While some states allow verbal buyer agency agreements, Michigan best practices and many brokerage policies require a written buyer agency agreement to clearly establish the relationship, scope, compensation, and duration.
Related Michigan Agency Questions
- When does a buyer's agency agreement typically terminate in Michigan?
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