Agency
In Missouri, a buyer who signs a buyer representation agreement creates a(n):
ADual agency
BExclusive buyer agency relationship with the named broker✓ Correct
CSubagency with the listing broker
DTransaction brokerage automatically
Explanation
A buyer representation agreement creates an exclusive agency (or exclusive buyer agency) relationship between the buyer and the named broker, establishing fiduciary duties.
Related Missouri Agency Questions
- Under Missouri agency law, a buyer's agent who is also licensed in the state and wants to purchase a property their buyer is considering must:
- In Missouri, a listing agreement that creates an agency relationship between the seller and broker must contain:
- An exclusive agency listing in Missouri differs from an exclusive right-to-sell because:
- Missouri's seller disclosure law requires disclosure of all EXCEPT:
- An agent in Missouri who is a transaction broker does NOT owe which duty?
- A Missouri buyer's agent who does not have written buyer representation agreement with a buyer is:
- A Missouri agent discovers that a property their buyer wants to purchase is actually owned by the agent's brother-in-law. The agent must:
- In Missouri, an agent receives a signed offer from a buyer. The seller has not yet responded. The offer can be:
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