Idaho Real Estate Practice Exam

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What detail is NOT required in a buyer representation agreement?

Information about buyer preferences
The agreed-upon fee for services
The commission split with listing agents
The buyer's consent to representation

The correct answer is: The commission split with listing agents

A buyer representation agreement primarily outlines the relationship and expectations between a buyer and their real estate agent. While it includes various essential details that clarify the terms of service, such as the buyer's preferences, the fee for services provided, and the buyer's consent to the representation, there is no requirement for disclosing the commission split with listing agents. The commission structure is typically between the listing agent and their brokerage, and while it can impact a buyer’s transaction, it is not a necessary detail that needs to be outlined in the buyer representation agreement itself. This agreement focuses more on the services and obligations of the buyer's agent in relation to the buyer rather than the specifics of commission arrangements involving other parties. Thus, the inclusion of a commission split is not mandated in this type of agreement.