What is the name of the agreement that creates an express agency relationship between a broker and a buyer?

• A. Listing agreement
• B. Express agency
• C. General agency
• D. Buyer representation agreement

Answer: (D)

When a buyer wants a broker to represent them, the relationship is established through a written contract. That written contract is called a buyer representation agreement. It explicitly states that the broker will represent the buyer, outlines the duties and responsibilities (like loyalty, confidentiality, and disclosure), sets the scope of the broker’s authority, explains how the broker will be compensated, and specifies the duration of the representation. Because this agreement is signed and in writing, it creates an express agency relationship between the broker and the buyer.

A listing agreement is used when representing a seller, not a buyer. General agency refers to a broader level of authority and isn’t the specific contract that creates buyer representation. And an express agency describes the type of relationship (express vs. implied) rather than naming the contract itself.