Buyer Representation Agreement: Definition, Purpose & Types

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which is the best definition of a fiduciary?

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1. Which of the following is a buyer's agent duty?

2. What is the most common type of buyer representation agreement?

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About This Quiz & Worksheet

With these assessment tools, we're going to examine your understanding of fundamental topics like fiduciaries, buyer agent duties, and buyer representation agreements.

Quiz & Worksheet Goals

To be particular, we'll focus on:

  • What a fiduciary is
  • Duties of a buyer's agent
  • Types and elements of buyer representation agreements

Skills Practiced

  • Information recall - access the knowledge you've gained about what a buyer's agent does
  • Interpreting information - verify that you can read information regarding types of buyer representation agreements and the circumstances under which each would be used and interpret it correctly
  • Reading comprehension - ensure that you draw the most important information from the related buyer representation lesson

Additional Learning

If you want to check out our lesson, Buyer Representation Agreement: Definition, Purpose & Types, you'll have access to more information dealing with subjects such as:

  • What qualifies as a buyer representation agreement
  • Different classifications of buyer's agreements
  • What buyer's agreements are good for
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