Which statement accurately describes exclusive buyer agency?

Which statement accurately describes exclusive buyer agency?

• A. The buyer may search with multiple brokers and pay each broker regardless of who locates the property
• B. The buyer engages a single broker to search for a property and pays the broker only if the seller pays
• C. The buyer engages multiple brokers and the brokers split the commission evenly
• D. The buyer engages a single broker to search for a suitable property and the broker is compensated no matter who finds the property, including the buyer

Answer: (D)

Exclusive buyer agency means the buyer hires one broker to represent their interests in finding and purchasing a property, and this broker is compensated by the buyer regardless of who locates the property, including if the buyer themselves finds it. This arrangement ensures the broker owes fiduciary duties to the buyer—loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting—and that the buyer’s interests are prioritized throughout the search and purchase. The other scenarios either involve more than one broker or tie payment to the seller or to outcomes, which undermines the single, exclusive representation and the guarantee of buyer-paid compensation.

Exclusive buyer agency means the buyer hires one broker to represent their interests in finding and purchasing a property, and this broker is compensated by the buyer regardless of who locates the property, including if the buyer themselves finds it. This arrangement ensures the broker owes fiduciary duties to the buyer—loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting—and that the buyer’s interests are prioritized throughout the search and purchase. The other scenarios either involve more than one broker or tie payment to the seller or to outcomes, which undermines the single, exclusive representation and the guarantee of buyer-paid compensation.