Question of the Day

Under an exclusive agency listing, a broker advertises a home for sale. The owner finds a buyer and sells the home prior to the expiration of the listing. The broker is entitled to:

Explanation

Since the listing was an Exclusive Agency Listing, the seller may find their own buyer without paying a commission. This is different than an Exclusive Authorization and Right-to-Sell Listing, in which the listing broker is guaranteed a commission regardless of who procures the buyer.

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