What does "open agency" allow a buyer to do?

What does "open agency" allow a buyer to do?

• A. Work with only one broker
• B. Work with an unlimited number of brokers
• C. Compete with the agent in selling the property
• D. Sign a long-term exclusivity contract with a broker

Answer: (B)

"Open agency" allows a buyer to work with an unlimited number of brokers. This arrangement provides the buyer with the flexibility to explore multiple options and leverage multiple agents in their search for properties. In this type of agency, each broker is competing for the buyer's business, which often encourages agents to be more proactive and motivated in showing properties and providing services. Since there is no exclusive agreement, the buyer is free to terminate relationships with any of the brokers and to choose whom they feel works best for them. This openness can lead to a broader perspective on the real estate market as buyers receive diverse opportunities and insights from various agents.

"Open agency" allows a buyer to work with an unlimited number of brokers. This arrangement provides the buyer with the flexibility to explore multiple options and leverage multiple agents in their search for properties. In this type of agency, each broker is competing for the buyer's business, which often encourages agents to be more proactive and motivated in showing properties and providing services.

Since there is no exclusive agreement, the buyer is free to terminate relationships with any of the brokers and to choose whom they feel works best for them. This openness can lead to a broader perspective on the real estate market as buyers receive diverse opportunities and insights from various agents.