Question

Which of the following items must be included in a buyer's agreement? A) A statement which...

Which of the following items must be included in a buyer's agreement?

A) A statement which confirms that the buyer received the Broker Disclosure Form on or before the signing of the buyer’s agency agreement, or upon the licensee obtaining any personal or financial information

B) A statement that allows the broker to pay a cooperating broker compensation

C) The buyer's ability to seek loan approval

D) The amount the buyer is willing to spend on a property

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Answer #1

Point (A) is correct related to buyer's agreement. it confirms that the buyer received the Broker Disclosure Form on or before the signing of the buyers agency agreement or upon the licensee obtaining any personal or financial information.Means buyer need to received the broker disclosure form on or before signing of agreement. Because the buyer need to pay some brokerage.

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