Buyer Agency Exam Flashcards

Buyer Agency Exam Flashcards If a buyer wants to write an offer and asks for your help but doesn't want to sign an agency agreement with you, who do you represent?The seller This type of buyer is new to the process and asks a lot of questions. The buyer may be moving out of a family home or apartment into a small, modest home.First-time buyer Which of the following duties does a licensee owe to a buyer with whom no agency agreement exists?Honesty What's something you should definitely do when conducting a buyer presentation?Explain the transaction process.Claudius has some trust issues; he's been to three different brokerages and still refuses to sign an agency agreement. He says he wants to "keep my options open." What should you tell him?"I can't represent you without a written agreement." Danny and Sandy just had their second child. They live in a two-bedroom home and would like for their girls to each have their own room, so they're looking for a home with at least three bedrooms. What kind of buyers are they?Trade-up buyers Why might you opt out of working with a buyer unless you're working under an agency agreement?Having an agency agreement allows you to represent the buyer's interests.Which of the following best describes a buyer agency agreement?legally binding, written contract between a potential property buyer and a buyer's agent f you've shown Suzie three properties, and she decides to put an offer in on one of them but hasn't signed an agency ogreement with you, who do you represent?The seller Maurice is meeting with a buyer who is also selling his current home. Which question should Maurice ask to pre- qualify the buyer?Are you currently working with any other agents?Without a buyer agency agreement in place, which party does the agent who's assisting the buyer represent?The seller When preparing a buyer presentation, what should you keep in mind?Ways to build trust