A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients this means that during the term of this agreement the broker

This choice is incorrect because, in an exclusive buyer agency agreement, the broker's compensation typically comes from the buyer, not the seller. While some transactions may involve seller compensation, the primary obligation lies with the buyer as per the terms of their agreement.

This statement is misleading as it implies that the broker's right to compensation is contingent solely upon the buyer purchasing one of their own listings. In reality, the broker is entitled to a commission regardless of whether the property is one of their listings or not, provided that the buyer purchases a property during the agreement's duration.

This option is incorrect because the broker is free to work with other clients and show properties to other buyers while still representing the exclusive buyer. The exclusive nature of the agreement pertains to the buyer's representation, not to the broker's ability to conduct business with others.