Agency
In Wyoming, a buyer's agency agreement that includes an exclusive right-to-represent clause means:
AThe buyer can work with any agent and only pays if this agent finds the property
BThe buyer owes compensation to this agent if the buyer purchases any property during the agreement period✓ Correct
CThe agent is exclusively obligated to the buyer but the buyer can work with others
DThe agreement automatically expires when a property is found
Explanation
An exclusive right-to-represent buyer's agency agreement obligates the buyer to pay the agent (or have the agent's fee paid) if the buyer purchases any property during the agreement term, regardless of who found it. This provides the agent the strongest protection for their time investment.
Related Wyoming Agency Questions
- In Wyoming, the seller's agent who receives an offer from an unrepresented buyer (no buyer's agent) must:
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