Contracts
Under a Florida listing agreement, the broker earns their commission when they:
AFind a ready, willing, and able buyer who meets the seller's stated terms✓ Correct
BBring the transaction to closing
CSecure an accepted offer from the buyer
DRegister the listing on the MLS
Explanation
Traditionally, a broker earns their commission when they produce a ready, willing, and able buyer at the price and terms specified by the seller, or at terms the seller accepts. The right to a commission is earned at this point — however, most modern listing agreements (including FAR-BAR forms) tie commission payment to closing. The legal right to the commission and the time of payment can differ.
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