Agency
Under Missouri law, a buyer's agent who locates a property for a buyer earns compensation:
AOnly from the buyer directly
BAs negotiated, which may come from the seller's side via the listing brokerage or directly from the buyer✓ Correct
COnly from MREC
DOnly from the mortgage lender
Explanation
Buyer's agent compensation in Missouri is negotiable and may be structured several ways: paid by the buyer directly, paid through the listing brokerage (cooperating commission), or a combination.
Related Missouri Agency Questions
- 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:
- A Missouri buyer's agent who recommends a service provider (e.g., lender, inspector) in which the agent has a financial interest must:
- In Missouri, an 'open listing' allows a seller to:
- 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:
- Which Missouri document formalizes the buyer-agent relationship and specifies compensation?
- Missouri's agency disclosure law requires a licensee to provide a written disclosure:
- In Missouri, the agency disclosure form must be provided at the first 'substantive contact.' This term means when:
- A Missouri buyer's agent who also represents the seller in the same transaction must:
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →