Agency
A Pennsylvania buyer's agent who represents a buyer making an offer on a FSBO property should:
AAdvise the buyer to submit the offer without the agent's involvement to save the agent's fee
BRepresent the buyer's interests in drafting and presenting the offer, addressing compensation with the FSBO seller✓ Correct
CAutomatically become a dual agent since there's no listing agent
DRefuse to show FSBO properties since there's no co-op offered
Explanation
A buyer's agent represents their buyer client regardless of whether the seller has a listing agent. In a FSBO transaction, the buyer's agent presents and negotiates the offer, addresses compensation (either seller-paid or buyer-paid per the buyer representation agreement), and guides the buyer through the transaction.
Related Pennsylvania Agency Questions
- The termination of an agency relationship in Pennsylvania can occur by:
- A Pennsylvania buyer's agent owes which fiduciary duty that specifically requires acting in the buyer's best financial interest?
- Which of the following is NOT a fiduciary duty owed by a seller's agent to the seller?
- Pennsylvania law requires a buyer's agent to disclose known material facts about a property to their buyer client. Which of the following is a material fact the agent must disclose?
- Which of the following is an example of an agent's duty of 'reasonable care and diligence'?
- A listing in Pennsylvania expires before the property sells. The agent continues to show the property without a new agreement. The agent is potentially acting as:
- A Pennsylvania buyer's agent who has a personal interest in the property being shown to their buyer client must:
- A buyer's agent who fails to disclose that their buyer is pre-approved for financing when the seller asks may be:
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