Question

The Real Estate Brokerage Relationship Form #3 does not need to be provided by a licensee to a prospective buyer:

A) If the buyer is a first-time homebuyer.
B) If the buyer signs a Buyer Agency Agreement.
C) If the buyer is purchasing a commercial property.
D) There are no exceptions, and the form must always be provided.

Answer 1

The Real Estate Brokerage Relationship Form #3 does not need to be provided by a licensee to a prospective buyer if the buyer signs a Buyer Agency Agreement.

Step-by-step explanation:

The Real Estate Brokerage Relationship Form #3 does not need to be provided by a licensee to a prospective buyer if the buyer signs a Buyer Agency Agreement. In this case, the form is not required as the buyer has already established a relationship with a specific broker. The form is still required for first-time homebuyers and buyers purchasing commercial properties, as these situations do not exempt the need for providing the form.