Agency
A Minnesota property owner hires a listing agent but decides to sell the property themselves while the listing is active. If the seller finds a buyer, who earns a commission under an exclusive agency listing?
AThe listing agent always earns a commission regardless of who finds the buyer
BThe seller pays no commission if they find the buyer themselves under an exclusive agency listing✓ Correct
CThe commission is split between the agent and the seller
DThe agent earns half commission for the seller-found sale
Explanation
Under an exclusive agency listing, the broker earns a commission only if the broker (or a cooperating broker) finds the buyer. If the seller finds their own buyer without any assistance from the broker, no commission is owed.
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