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Which section of the TAR buyer representation agreement states what occurs if either party is in breach of contract?

a) Section A - Agreement to Represent
b) Section B - Compensation
c) Section C - Duration of Agreement
d) Section D - Default and Dispute Resolution

1 Answer

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Final answer:

The TAR buyer representation agreement specifies actions regarding a breach of contract in Section D - Default and Dispute Resolution, outlining remedies and dispute handling methods.

Step-by-step explanation:

The section of the TAR (Texas Association of Realtors) buyer representation agreement that states what occurs if either party is in breach of contract is Section D - Default and Dispute Resolution.

This section typically outlines the remedies available if one party fails to uphold their part of the contract, as well as the process for resolving disputes that may arise between the real estate agent and the buyer they are representing. It is important for both parties to understand the implications of this section, as it defines the legal actions that can be taken in the event of a breach and may include negotiation, mediation, arbitration, or legal proceedings.

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