Question 1

Before showing a property to a buyer, which of the following must be in place? *

A verbal understanding

A buyer inquiry form

A signed Buyer Brokerage Agreement

A pre-approval letter

Question 2

Your Buyer has executed a Buyer Brokerage Agreement agreeing to pay you 3% commission. Seller is offering 4% commission. Which of the following is most accurate? *

You will be paid 3% percent at closing by the Buyer and 1% at closing by the Seller.

You will automatically be paid 4% commission by the Seller at closing.

You will be paid 3% commission by the Seller at closing.

You will be paid 4% commission at closing by the Seller if a modification to the Buyer Brokerage Agreement is executed by the Buyer.

Question 3

A buyer says, “I just want to see one house.” What is the most compliant response? *

Schedule the showing to build rapport

Explain your role and present the appropriate buyer agreement

Refer them to the listing agent

Send listings and follow up later

Question 4

Under current MLS participation rules, buyer broker compensation is: *

Automatically offered through the MLS

Guaranteed by the seller

Negotiated separately and documented in writing

Paid only at closing

Question 5

When is compensation earned based on the Buyer Brokerage Agreement? *

When the Buyer Brokerage Agreement is executed.

When the Buyer is shown at least one property.

When the Buyer’s offer is accepted.

When the Buyer closes on their purchase.

Question 6

Why is it important to discuss compensation with buyers early? *

To avoid misunderstandings later

To support compliance with brokerage agreements

To protect the agent’s time and income

All of the above

Question 7

Who must receive a copy of the executed Buyer Brokerage Agreement? *

The Buyer

The Listing Agent

The Closing Agent

All of the above.

Question 8

A buyer is excited but not pre-approved. What is the most professional next step? *

Continue showings while they apply

Ask the seller for flexibility

Refer the buyer to a lender before proceeding

Let the buyer decide later

Question 9

What is the primary purpose of a Showing Agreement or Property Pre-Touring Agreement? *

To create full representation

To protect the broker while allowing limited services

To replace a buyer brokerage agreement

To guarantee compensation

Question 10

Which statement best reflects a strong buyer process today? *

“I wait to discuss agreements until they’re ready to write an offer.”

“I explain my role, expectations, and agreements before providing services.”

“I rely on past practices that worked before the rule changes.”

“I handle agreements only if the buyer asks.”

Buyer Brokerage Readiness Assessment

You’re almost done.

This assessment is designed to help you evaluate how aligned your current Buyer Brokerage Agreement execution process is with today’s requirements.

The goal is awareness and process, not pressure, not judgment, and not sales.

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