Agency
In Tennessee, when representing a buyer, an affiliate broker is required to:
AAlways charge the buyer a separate fee
BProvide the buyer with an agency disclosure before substantive discussions✓ Correct
CObtain a written buyer representation agreement before showing any property
DDisclose the buyer's financial qualifications to all sellers
Explanation
Tennessee law requires agency disclosure to be provided to a buyer before any substantive discussion about real property, so they understand who the broker represents.
Related Tennessee Agency Questions
- In a Tennessee transaction where one licensee in a firm represents the buyer and another represents the seller, this is called:
- The Knoxville Association of REALTORS® Code of Ethics is:
- A Tennessee listing agreement that describes the property incorrectly could result in:
- A seller's agent in Tennessee MUST disclose to a buyer:
- Under Tennessee law, when a buyer and seller in a transaction are both represented by different licensees from the same brokerage, and the principal broker does NOT intervene, this situation is most accurately described as:
- In Tennessee, a seller's listing agreement obligates the seller to pay the commission when the broker produces a ready, willing, and able buyer. 'Able' buyer means:
- A Tennessee licensee who represents a buyer submitting an offer on a property listed by the same firm must disclose to the buyer that:
- A Tennessee affiliate broker is working with a buyer but has no buyer representation agreement. The broker is most likely acting as:
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