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Which of the following is the most common type of buyer representation agreement?

The exclusive right-to-represent contract is the most common buyer representation agreement and best protects the agent.

What is a buyer payment agent?

Term. Description. Buyer Payment Agent. The entity acting on behalf of a Buyer to submit payment instructions.

Which of the following must be included in a buyer agency agreement?

Types of Buying Agency Agreements These agreements must include an expiration date, a fair housing statement, a blockbusting statement, and a signature line for both the broker and the seller.

What is the difference between buyer and agent?

The most basic difference between the buyers and sellers agents is that they represent opposite interests. The buyers agent is responsible for making sure the buyer gets the best deal possible and the sellers agent does the same for the seller.

What is a designated agency?

In real estate, designated agency refers to a specific agent whos designated by their brokerage to represent a party in the transaction. Usually, one agent from that brokerage will already be representing the buyer or seller.

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