Which statement defines exclusive buyer agency?

• A. The buyer engages in a single licensee to search for a suitable property and the licensee is entitled to compensation no matter who finds property
• B. The buyer may search with multiple licensees and share compensation
• C. The licensee is paid only if the buyer purchases a property listed with them
• D. The licensee is paid by the buyer regardless of who locates the property

Answer: (A)

Exclusive buyer agency means you hire one licensee to represent you in the search and purchase, and that licensee earns a commission regardless of who finds the property. This arrangement gives you a dedicated advocate who works on your behalf, with their payoff tied to successfully purchasing a property within the agreement, not to who actually locates it. It contrasts with non-exclusive arrangements where you can work with multiple licensees and share compensation, and with setups where payment depends on a property being listed with a particular licensee. The defining idea is having a single representative for you and guaranteeing the licensee’s compensation if you buy a property found during the term.