In a Buyer Agency agreement, the commission is paid by:

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Study for the Burk Baker National Test. Use flashcards and multiple choice questions with hints and explanations to prepare effectively. Get ready for your exam!

Multiple Choice

In a Buyer Agency agreement, the commission is paid by:

Explanation:
In a standard buyer agency arrangement, the real estate commission is paid from the seller’s proceeds at closing. The seller signs a listing agreement with a listing broker that sets the total commission, and that amount is then shared with the buyer’s broker as part of a cooperative sale. The buyer typically does not pay the commission directly. The other scenarios—like the buyer paying, or the payment coming from a tenant or the broker themselves—don’t fit the usual structure, since the seller is the party who authorized the sale and agreed to compensate the brokers through the closing.

In a standard buyer agency arrangement, the real estate commission is paid from the seller’s proceeds at closing. The seller signs a listing agreement with a listing broker that sets the total commission, and that amount is then shared with the buyer’s broker as part of a cooperative sale. The buyer typically does not pay the commission directly. The other scenarios—like the buyer paying, or the payment coming from a tenant or the broker themselves—don’t fit the usual structure, since the seller is the party who authorized the sale and agreed to compensate the brokers through the closing.

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