Agency
What is the difference between an exclusive buyer's agent and a non-exclusive buyer's agent in Nevada?
AThey are legally identical
BAn exclusive buyer's agent works only with buyers and never lists properties, eliminating potential dual agency; a non-exclusive buyer's agent may also represent sellers✓ Correct
CExclusive buyer's agents are prohibited in Nevada
DNon-exclusive buyer's agents charge higher fees
Explanation
An exclusive buyer's agent (EBA) works only for buyers and never accepts listings, ensuring true buyer representation without the conflict of dual agency. Non-exclusive buyer's agents may also represent sellers in other transactions. EBAs provide the clearest form of buyer representation.
Related Nevada Agency Questions
- In Nevada, which party typically pays the real estate commission?
- A Nevada licensee who acts as a property manager for a landlord is the landlord's:
- Which of the following is NOT a fiduciary duty owed by a real estate agent to their client in Nevada?
- What is a transaction broker (also called a facilitator) in Nevada?
- What is the law of agency's 'equal dignity rule' in Nevada and how does it apply to real estate?
- A Nevada listing agent discovers during a showing that the roof has a significant hidden leak. The agent must:
- In Nevada, an agent acting as a disclosed dual agent with consent of both parties owes which duties to both parties?
- Under Nevada agency law, the duty of 'accounting' requires an agent to:
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →