Question

Eor which of the following actions must an agency agreement exist between a buyer and a real estate office?

A) Listing a property for sale
B) Conducting a property inspection
C) Attending an open house
D) Researching local market trends.

Answer 1

An agency agreement is required between a buyer and a real estate office for listing a property, conducting a property inspection, and attending an open house.

Step-by-step explanation:

An agency agreement must exist between a buyer and a real estate office for the following actions:

1. Listing a property for sale: When a buyer wants to list their property for sale with a real estate office, they enter into an agency agreement that outlines the terms and conditions of the listing.
2. Conducting a property inspection: Before purchasing a property, a buyer may engage a real estate office to conduct a property inspection on their behalf. This requires an agency agreement to establish the scope of the inspection.
3. Attending an open house: Although attending an open house might not require a formal agency agreement, it is common practice for buyers to sign in and provide their contact information at the open house, which creates an implied agency relationship between the buyer and the real estate office.