26. A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients this means that during the term of this agreement the broker
Answer: C
The broker is entitled to compensation even if the buyer purchases a property that they locate.
During the term of the exclusive buyer agency agreement, the broker is entitled to compensation regardless of whether the buyer finds a property on their own or through the broker's assistance.
A) must be compensated by the seller.
This option is incorrect because the agreement specifies the broker's right to compensation from the buyer, not the seller. The exclusive buyer agency agreement typically means that the buyer has engaged the broker to represent their interests, thereby establishing the obligation for compensation from the buyer.
B) is only due compensation if the buyer purchases one of the broker's listings.
This choice is incorrect as it misrepresents the terms of the exclusive buyer agency agreement. The broker is entitled to compensation regardless of whether the property is one of their listings or not, indicating that the agreement covers all properties the buyer may choose to purchase.
C) is entitled to compensation even if the buyer purchases a property that they locate.
This statement is correct. The broker's entitlement to compensation remains intact even if the buyer finds a property independently. The exclusive agreement ensures that the broker is compensated for their role in facilitating the buyer's property search, regardless of how the buyer identifies the property.
D) may not show a property to other buyers until the buyer decides if they want to make an offer.
This option is incorrect because the exclusive buyer agency agreement does not restrict the broker from working with other clients or showing properties to them. The broker can engage with other buyers while still fulfilling their obligations to the client under the exclusive agreement.
Conclusion
The correct answer is option C, as it accurately reflects the broker's entitlement to compensation during the exclusive buyer agency agreement. Options A, B, and D fail to recognize the full scope of the broker's rights and the terms of the agreement, which are designed to protect the interests of the buyer while also ensuring the broker's compensation for their services.