Which statement describes the following arrangement: Nonexclusive open? Which buyer agency arrangement is nonexclusive and allows the buyer to employ an unlimited number of brokers, with compensation paid only to the broker who actually locates the property purchased?

• A. Exclusive buyer agency
• B. Exclusive agency buyer agreement
• C. Nonexclusive buyer agency agreement
• D. Open buyer agency agreement

Answer: (D)

Open buyer agency is nonexclusive and lets you work with multiple brokers at once, without being tied to a single agent. You pay a commission only to the broker who actually locates the property you purchase, so if another agent brings you a deal, that broker is rewarded instead. This setup gives you the freedom to shop around and compare agents and properties, while ensuring you only compensate the broker who earns the sale. In contrast, exclusive arrangements require sticking with one broker and typically involve compensation issues regardless of who finds the property.