What is the primary responsibility of a buyer under a Buyer Agency agreement?

What is the primary responsibility of a buyer under a Buyer Agency agreement?

• A. To disclose all financial information
• B. To pay for the broker's services directly
• C. To act in good faith and cooperate with the broker
• D. To exclusively represent themselves

Answer: (C)

The primary responsibility of a buyer under a Buyer Agency agreement is to act in good faith and cooperate with the broker. This means that the buyer is expected to engage transparently with the broker, provide necessary information about their needs and preferences, and make decisions that align with the guidance provided by the broker. Acting in good faith fosters a trustworthy relationship, which is crucial in real estate transactions where collaboration and communication are key. Buyers are also expected to actively participate in the home-buying process by being available for showings, making timely decisions, and understanding that their cooperation is essential to help the broker effectively represent their interests in the market. The principle of good faith in this context emphasizes honesty and the willingness to work together towards a successful transaction. This ensures that the broker can perform their duties effectively, such as conducting property searches, negotiating offers, and providing valuable market insights.

The primary responsibility of a buyer under a Buyer Agency agreement is to act in good faith and cooperate with the broker. This means that the buyer is expected to engage transparently with the broker, provide necessary information about their needs and preferences, and make decisions that align with the guidance provided by the broker. Acting in good faith fosters a trustworthy relationship, which is crucial in real estate transactions where collaboration and communication are key.

Buyers are also expected to actively participate in the home-buying process by being available for showings, making timely decisions, and understanding that their cooperation is essential to help the broker effectively represent their interests in the market. The principle of good faith in this context emphasizes honesty and the willingness to work together towards a successful transaction. This ensures that the broker can perform their duties effectively, such as conducting property searches, negotiating offers, and providing valuable market insights.