Contracts
In an exclusive right-to-sell listing, when is the listing broker NOT entitled to a commission?
AWhen the seller finds the buyer independently
BWhen the property sells for less than the listing price
CWhen the property is sold after the listing agreement expires✓ Correct
DWhen the buyer fails to obtain financing
Explanation
While a seller cannot avoid paying a commission during the listing period by finding their own buyer under an exclusive right-to-sell agreement, if the property sells after the listing expires (and the buyer was not introduced during the listing period), the broker is not entitled to a commission.
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