Agency
In Oklahoma, which statement about a buyer's representation agreement is TRUE?
AIt must be a verbal agreement to protect the buyer
BIt is a written contract that establishes the terms of the agent's representation and compensation✓ Correct
CIt automatically terminates after 30 days
DIt does not require disclosure of agency relationship
Explanation
A buyer's representation agreement is a written contract that defines the scope of representation, the agent's duties, the duration of the agreement, and compensation terms. It formalizes the agency relationship between buyer and agent.
Related Oklahoma Agency Questions
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