Agency
A listing expires and the seller relists with a different broker. The original broker hears the new listing sold and feels they deserve a commission because they introduced the buyer during their listing period. Which doctrine might support their claim?
AProcuring cause✓ Correct
BReady, willing, and able
CSubrogation
DEstoppel
Explanation
Procuring cause determines who is entitled to a commission. If the original broker was the procuring cause of the sale (i.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Math Concepts
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