Showing Agreement: Buyer agrees that if they purchase a home shown to them by the licensee, they will make that purchase through the licensee.

Study for the Florida Mutual Recognition Test. Use flashcards and multiple choice questions, each with hints and explanations. Prepare thoroughly for your exam!

Multiple Choice

Showing Agreement: Buyer agrees that if they purchase a home shown to them by the licensee, they will make that purchase through the licensee.

Explanation:
A showing agreement is an arrangement that ties a buyer to work exclusively with the licensee who shows them properties. When the buyer signs, they’re agreeing to purchase only through that licensee for any property that was shown to them by that licensee, during the term of the agreement. This gives the licensee a basis to claim a commission if a purchase occurs on a property shown by them. That’s why the correct interpretation is that the showing agreement obligates the buyer to purchase only through the licensee. It doesn’t bind the seller, it doesn’t automatically create a purchase obligation by the buyer in a one-sided way, and it doesn’t broadly prohibit buying through other licensees for properties not shown by the licensee (the restriction primarily covers properties shown by the licensee).

A showing agreement is an arrangement that ties a buyer to work exclusively with the licensee who shows them properties. When the buyer signs, they’re agreeing to purchase only through that licensee for any property that was shown to them by that licensee, during the term of the agreement. This gives the licensee a basis to claim a commission if a purchase occurs on a property shown by them.

That’s why the correct interpretation is that the showing agreement obligates the buyer to purchase only through the licensee. It doesn’t bind the seller, it doesn’t automatically create a purchase obligation by the buyer in a one-sided way, and it doesn’t broadly prohibit buying through other licensees for properties not shown by the licensee (the restriction primarily covers properties shown by the licensee).

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy