Contracts
A NH seller's listing agreement that has not yet expired but the seller wants to cancel. The seller's ability to cancel depends on:
AThe seller can cancel any listing agreement at any time without penalty
BThe terms of the listing agreement, which may provide for cancellation provisions or require the seller to pay a commission if a buyer was procured during the listing period✓ Correct
CNHREC's approval of the cancellation
DThe buyer's approval of the cancellation
Explanation
A listing agreement is a contract with specific terms. Cancellation by the seller before expiration may expose them to liability for the broker's commission, particularly if the broker procured a ready, willing, and able buyer during the listing period. Early cancellation provisions should be reviewed carefully.
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