California Real Estate Practice Exam

Buyers' brokers may be paid by which parties?

1. Only buyers

2. Government agencies

3. Either buyers or sellers

4. Only sellers

The correct answer is: Either buyers or sellers

Buyers' brokers may be paid either by the buyers or sellers. This is because the broker serves as a representative for both parties in a real estate transaction and receives commission from the sale. Options A and D are incorrect because they limit the potential source of payment for the broker. Option B is incorrect as government agencies typically do not pay brokers in real estate transactions. Therefore, the most accurate answer is option C, as the buyers' brokers can receive payment from either party involved in the transaction.