Agent's usual cut on ice for future shine? Listings gleam, a land-locked deal. Commission chills, but interest thaws, agency twines, a conflict now grows.
Out of the provided options, the example of agency coupled with interest is:
C. An agent foregoes buyer agent commission, provided the purchasing developer gives the agent the listings on the developed lots.
Here's why:
- Agency coupled with interest occurs when an agent has a personal stake in the subject matter of the agency relationship, beyond just the standard commission or fee. This gives the agent a legal interest in the success of the agency and potentially creates a conflict of interest.
- In option C, the agent is giving up their usual buyer agent commission, which directly affects their financial gain. However, they are receiving something else of value in return - the listings on the developed lots. This personal stake in the property itself creates an agency coupled with interest.
- The other options do not demonstrate agency coupled with interest:
- A and B involve standard commission arrangements between agents.
- D merely states the agent's interest in the property, but doesn't involve any exchange of value or potential conflict of interest.
Therefore, the agent sacrificing their buyer commission for future listings exemplifies an agency coupled with interest, as it goes beyond traditional agent-client agreements and creates a personal stake in the subject matter.