Real Estate Ethics: Buyer Representation
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Questions and Answers

What are licensees working with buyers allowed to do?

  • Act in the best interest of the buyer (correct)
  • Claim Real estate agents work for free
  • Accept compensation in excess of agreement with buyer
  • Filter their search to select only homes that offer compensation to buyer rep
  • What is a restriction on licensees working with buyers?

  • Acting in the best interest of the buyer
  • Accepting compensation in excess of agreement with buyer
  • Negotiating the price of the home
  • Filtering their search to select only homes that offer compensation to buyer rep (correct)
  • What is not a restriction on licensees working with buyers?

  • Working in the best interest of the buyer
  • Claiming Real estate agents work for free
  • Negotiating the price of the home (correct)
  • Filtering their search to select only homes that offer compensation to buyer rep
  • What is an unacceptable compensation practice for licensees working with buyers?

    <p>Accepting compensation in excess of agreement with buyer</p> Signup and view all the answers

    What is a false statement about licensees working with buyers?

    <p>They can claim Real estate agents work for free</p> Signup and view all the answers

    Study Notes

    Restrictions on Licensees Working with Buyers

    • Licensees are prohibited from filtering their home search to only include properties that offer compensation to buyer representatives.
    • They are not allowed to accept compensation in excess of the agreement made with the buyer.
    • Licensees cannot claim that real estate agents work for free.

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    Description

    Understand the ethical responsibilities of licensees when working with buyers, including compensation and agreements.

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