What is the implication when a buyer does not wish to enter into a buyer agency agreement?

The correct answer reflects the scenario where a buyer chooses not to enter into a buyer agency agreement. By opting out of such an agreement, the buyer retains the ability to view properties listed by the same brokerage, often referred to as in-house listings. Without a buyer agency relationship, the buyer operates without formal representation from an agent, which means they may not receive the full spectrum of services that a dedicated buyer's agent would provide.

This status does not limit the buyer solely to in-house listings, as they can still access other properties listed with different brokers; however, it indicates the absence of a formal engagement with an agent to represent their interests in the transaction. While the buyer can negotiate directly with sellers or their representatives, this can lead to a less informed and potentially disadvantageous position for the buyer in negotiations.

Overall, the lack of a buyer agency agreement enhances the buyer's autonomy in viewing listings but also places the onus on them to navigate the complexities of real estate transactions without professional guidance.