Agency
What is a non-exclusive buyer representation agreement in Nevada?
AAn agreement where the buyer works exclusively with one agent
BAn agreement allowing the buyer to work with multiple agents simultaneously, with compensation only to the agent who produces the property the buyer purchases✓ Correct
CAn agreement where the agent represents the buyer and seller
DAn agreement automatically created by showing properties
Explanation
A non-exclusive buyer representation agreement allows the buyer to work with multiple agents at the same time. The agent who finds the property the buyer purchases earns the compensation. This is contrasted with an exclusive buyer agency agreement.
Related Nevada Agency Questions
- What is a unilateral listing versus a bilateral listing agreement in Nevada?
- What is 'termination of agency' and what events can end an agency relationship in Nevada?
- What does the term 'ratification' mean in the context of Nevada agency law?
- What is a transaction broker (also called a facilitator) in Nevada?
- What is the 'hold harmless' clause in a Nevada buyer's representation agreement?
- Nevada law requires licensees to disclose their agency relationship to all parties:
- In Nevada, which document is used to establish a written agency relationship between a buyer and a licensee?
- What is a 'procuring cause' in Nevada real estate and why does it matter?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →