A buyer and broker enter into a 3-month exclusive buyer agency agreement.

An exclusive buyer agency agreement creates a contractual relationship between the buyer and the broker, obligating the buyer to compensate the broker if they purchase any property during the agreement period — regardless of who finds the property (buyer, another broker, or even a FSBO).

This ensures the broker is compensated for their time, loyalty, and fiduciary duties. However, the agreement does not prevent the broker from working with other clients at the same time.

Incorrect options:

A: Compensation may come from the seller’s broker via cooperation, but the buyer is ultimately responsible.

B: Compensation applies to any property, not only the broker’s listings.

D: Brokers can still show properties to other buyers; exclusivity applies to the client relationship, not the broker’s business.

Correct answer: C.