Contracts
Under an 'exclusive agency' listing, when does the broker NOT earn a commission?
AWhen another broker procures the buyer
BWhen the seller personally finds and sells the property without the broker's assistance✓ Correct
CWhen the property sells below the listed price
DWhen the listing expires before a sale occurs
Explanation
Under an exclusive agency listing, the broker is the only broker authorized to sell, but the seller retains the right to sell the property themselves without paying a commission. If the seller personally finds the buyer, no commission is owed to the broker.
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