What type of buyer broker agreement allows a buyer to work with multiple brokers without incurring a commission if they find the property themselves?

Prepare for the Washington Advanced Real Estate Exam. Utilize flashcards and multiple choice questions with explanations to increase your understanding and improve your chances of success. Study efficiently and excel in your exam!

The correct choice is the open buyer agency agreement. This type of agreement allows buyers to work with multiple brokers at the same time, providing flexibility in their search for a property. One key feature of an open buyer agency agreement is that if the buyer finds a property independently, they do not owe a commission to any of the brokers they are working with. This makes it appealing for buyers who want to explore all possible avenues in their property search without being tied to a single broker.

In contrast, other agreements, such as the exclusive right buyer agency agreement, generally require the buyer to pay a commission regardless of who finds the property, primarily because the broker secures the exclusive right to represent the buyer. The multi-broker buyer agency agreement might suggest collaboration among multiple brokers but does not typically offer the same level of freedom regarding self-found properties. Similarly, the implied buyer agency agreement does not provide the same clear structure for commission or property finding that the open buyer agency agreement does.

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