Question

Under Tennessee law, a real estate agent working with a buyer who has not yet signed a buyer agency agreement would be considered:

a seller’s agent.

a buyer’s agent.

a facilitator.

an illegal agent.

Of the following agreements, which must be in writing?

Net listing.

Closed listing.

Open listing for less than one year as a facilitator.

Exclusive right-to-sell agency.

Answer 1

Under Tennessee law, a real estate agent working with a buyer who has not yet signed a buyer agency agreement would be considered:

a facilitator.

When the buyer agency agreement is not signed, under Tennessee law, a real estate agent working with a buyer, would only be considered as a Facilitator and not a buyer’s agent. He shall be a Transaction broker thus.

Of the following agreements, which must be in writing?

Exclusive right-to-sell agency

In order to represent as a seller, here needs to be a bilateral agreement in writing to establish an agency relationship for ‘Exclusive right-to-sell’ agency.