Agency
In New York, when a licensee represents the buyer in a transaction involving a for-sale-by-owner (FSBO) property, the buyer's agent must:
ARefuse to show the property because there is no listing agreement
BDisclose to the seller that they represent the buyer and ensure the agency relationship is clear✓ Correct
CAct as a dual agent by default
DCollect their commission from the buyer only
Explanation
When a buyer's agent shows a FSBO property, they must disclose to the seller that they represent the buyer. The agent's compensation arrangement with the buyer (and potential for a fee from the seller) should be disclosed.
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