A licensed real estate broker took an exclusive agency listing from an owner for a 90-day term. After the broker had expended considerable time and expense in trying to locate a buyer, the owner sold the property himself during the listing period. Under these circumstances, the broker was entitled to: a full commission. no commission. half of the agreed commission. his advertising expenses.

Question

Tatiana Santos

Social Studies

15 April, 18:25

A licensed real estate broker took an exclusive agency listing from an owner for a 90-day term. After the broker had expended considerable time and expense in trying to locate a buyer, the owner sold the property himself during the listing period. Under these circumstances, the broker was entitled to: a full commission. no commission. half of the agreed commission. his advertising expenses.

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Answers (1)

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Brice Atkinson · Answer 1

No commission

Explanation:

An exclusive agency listing gives the agent the sole right to market and sell a property on behalf of the owner of the property, the seller retains the right to market and sell the home to a buyer without having to pay a commission to the listing agent, if the seller finds the buyer independently of the agent or firm.

He can only be entitled to commission if he/she had brought the buyer of the property.