In a real estate transaction, a broker had a written representation agreement with the buyer but was paid 6 percent of the selling price at the closing by the seller. Under these facts, whose agent was this broker?
a. The broker was the seller's agent.
b. The broker was the buyer's agent.
c. The broker is a dual agent.
d. The broker has violated New York's real Estate license laws and may have his or her License suspended or revoked.
Answer: b. The broker was the buyer's agent.
Business
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