Agency
An Oklahoma buyer signs a buyer's representation agreement with an agent. The buyer then works directly with a seller's agent without informing their buyer's agent. The buyer may:
AFreely terminate the buyer's agreement at any time without consequences
BPotentially owe a commission to their buyer's agent if the purchase occurs within the agreement's protection period, depending on the contract terms✓ Correct
CFace criminal charges for working with multiple agents
DOwe no commission since the buyer's agent didn't show them this property
Explanation
A buyer's representation agreement is a contract. If the buyer purchases a property during the agreement period through a different agent (or on their own), they may owe the buyer's agent a commission under the contract's earned compensation provisions.
Related Oklahoma Agency Questions
- A buyer's agent discovers that the seller's property is subject to a zoning violation. The agent should:
- An Oklahoma agent who represents a buyer in a new construction purchase from a builder should:
- Under Oklahoma's brokerage relationships law, a transaction broker (non-agent facilitator) owes the parties:
- When an Oklahoma listing agent presents a lowball offer to the seller, the agent's professional obligation is to:
- In Oklahoma, when a licensee serves as both the listing agent for the seller and the agent for the buyer in the same transaction without proper disclosure or consent, this is:
- In Oklahoma, a real estate agent's duty of 'disclosure' to their client requires the agent to:
- Which of the following would terminate an agency relationship in Oklahoma?
- Under Oklahoma law, a buyer's broker agreement creates what type of agency relationship?
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