Agency
A buyer's representative agreement (buyer-broker agreement) in NJ is:
ARequired by law for all buyer representations
BA written contract establishing the agent-buyer relationship and terms of compensation✓ Correct
CFiled with the NJREC before showing properties
DValid only for exclusive buyer agencies
Explanation
A buyer-broker agreement is a contract defining the broker's duties, the buyer's obligations, and compensation terms; it establishes the formal agency relationship.
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