Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

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What distinguishes exclusive buyer agency from other types of buyer agency?

The broker can represent multiple buyers at the same time
The broker gets paid even if the buyer finds the property without the broker's help
The buyer has to pay the broker, regardless of purchase
The broker does not have to look out for the buyer’s best interests

The correct answer is: The broker gets paid even if the buyer finds the property without the broker's help

In exclusive buyer agency, the broker only gets paid if they help the buyer find a property, whereas in other types of buyer agency (such as non-exclusive or designated agency) the broker may still receive payment even if the buyer finds the property without their help. Option A is incorrect because exclusive buyer agency still prohibits the broker from representing multiple buyers at the same time to avoid conflicts of interest. Option C is incorrect because in exclusive buyer agency, the buyer is usually only responsible for paying their broker's commission if they successfully purchase a property. Option D is incorrect because in exclusive buyer agency, the broker still has a legal duty to look out for the buyer's best interests.