Home › Cheat sheets › Agency & Fiduciary Duties
Buyer Representation & Getting Paid
National · Agency & Fiduciary Duties — free cheat sheet for the real estate licensing exam.
🤝 Agency & Fiduciary Duties
📋 The 1-minute cheat sheet
- Buyer-rep agreement = employment contract with the BUYER; fiduciary duties flow to buyer
- Compensation is negotiable: buyer-paid fee, seller/listing-side offer, or both (credit excess)
- Written agreements before touring are now standard practice nationwide
- Procuring cause: the broker whose efforts actually produced the buyer
- MLS compensation offers are no longer guaranteed — put fees in writing
Related in Agency & Fiduciary Duties
Questions students ask
Is Buyer Representation & Getting Paid on the real estate exam?Yes. Agency & Fiduciary Duties is a scored domain on the real estate licensing exam, and this topic appears in the national portion.
Is this cheat sheet free?Yes — every page on CinnaPrep's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Browse by topic