Agency
A Pennsylvania buyer's representative agreement that is 'exclusive' means:
AThe buyer can only purchase a home through the agent's brokerage
BThe buyer agrees to work exclusively with that agent/broker and compensate them if they purchase during the agreement term✓ Correct
CThe agent exclusively represents buyers — never sellers
DThe agreement cannot be terminated by either party
Explanation
An exclusive buyer representation agreement obligates the buyer to work exclusively with that agent/broker and may require the buyer to compensate the broker if they purchase property during the agreement term, even without the agent's assistance. It provides the agent with the security to invest time and resources in the buyer's search.
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