Agency
A Missouri buyer's agent who does not have written buyer representation agreement with a buyer is:
AUnable to be compensated
BStill obligated to act honestly with the buyer but without full fiduciary duties in some arrangements✓ Correct
CActing illegally
DRepresenting the seller by default
Explanation
Without a signed buyer representation agreement, the agent may not owe full fiduciary duties. Missouri requires written agreements to establish formal buyer agency; without them, limited obligations still apply.
Related Missouri Agency Questions
- A Missouri real estate team leader assigns buyers to individual team members. The team leader/listing agent's duties to those buyers are governed by:
- In Missouri, material facts that a seller's agent must disclose to buyers include:
- A Missouri buyer's agent is required to present all offers to the buyer. What is the primary purpose of this obligation?
- In Missouri, when must an agent provide the agency disclosure form to a buyer?
- Which of the following is NOT a fiduciary duty owed by a Missouri buyer's agent to their client?
- A Missouri 'transaction broker' is best defined as an agent who:
- A Missouri seller's agent learns that the buyer is willing to pay $20,000 more than their offer. The agent's duty of loyalty to the seller requires:
- The NAR Code of Ethics requires Missouri REALTORS® to put clients' interests above their own. This aligns with the fiduciary duty of:
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →