Contracts
Under Montana law, a real estate broker's commission is earned when:
AThe listing agreement is signed
BA ready, willing, and able buyer is produced under the terms of the listing agreement, or as otherwise specified in the listing agreement✓ Correct
CThe buyer pays the earnest money deposit
DThe transaction closes and funds are disbursed
Explanation
A broker generally earns their commission when they produce a ready, willing, and able buyer on the terms of the listing (or when the transaction closes, depending on the listing agreement's terms). The listing agreement governs exactly when the commission is earned.
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