Agency
In New York, a 'non-exclusive buyer's representation agreement' differs from an exclusive one in that:
AThe buyer pays a lower commission
BThe buyer is free to work with other agents simultaneously, and the representing broker is only entitled to a commission if they are the procuring cause✓ Correct
CIt is automatically renewed each year
DIt does not create any agency relationship
Explanation
Under a non-exclusive buyer representation agreement, the buyer can work with multiple agents. The agent is only entitled to compensation if they were the procuring cause of the ultimate purchase. An exclusive agreement gives the broker the sole right to represent the buyer.
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