What type of agreement allows a buyer to work with multiple brokers?

The open buyer agency agreement is a type of contract that permits buyers to engage with multiple brokers simultaneously. This arrangement offers the buyer flexibility, as it allows them to explore different options and gain various perspectives from different agents. In this type of agreement, the buyer is not committed to a single broker, which can be beneficial if they want to see a wider range of properties without being tied down to a specific agent.

In contrast, an exclusive buyer agency agreement creates a more committed relationship, where the buyer agrees to work only with one broker for a specified period. This can lead to a more dedicated service from the broker, as they will have the sole opportunity to represent the buyer. Other types of agreements, such as listing agreements, pertain primarily to sellers and outline the terms under which a property is listed for sale. Thus, the open buyer agency agreement stands out as the correct choice for enabling buyers to work with multiple brokers.