Agency
A Wisconsin buyer agency agreement that specifies the buyer will pay the agent's fee only if the MLS doesn't provide sufficient co-op compensation is called a:
AExclusive buyer agency agreement
BMinimum fee or guaranteed compensation agreement✓ Correct
COpen buyer agreement
DNet buyer agreement
Explanation
A buyer agency agreement that specifies a minimum guaranteed fee — with any MLS co-op compensation credited toward it — ensures the agent is compensated at least the agreed minimum amount.
Related Wisconsin Agency Questions
- Wisconsin's real estate agency disclosure form informs consumers that they may choose to have the licensee:
- A Wisconsin disclosed dual agent must obtain written consent from both parties and must not:
- A Wisconsin buyer's agent who discovers during a showing that a home has a cracked foundation must:
- A Wisconsin listing agent whose seller client dies before closing must:
- A Wisconsin licensee's fiduciary duty of 'loyalty' means they must place the client's interests:
- Under Wisconsin agency law, an agent who enters a transaction on behalf of a principal without authority but where the principal subsequently approves the transaction has authority through:
- Wisconsin's 'no deal, no commission' rule means a broker earns a commission only when:
- A Wisconsin listing broker whose seller client wants to accept an offer below list price should:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →