Contracts
Under a North Carolina listing agreement, the broker earns a commission when:
AA ready, willing, and able buyer is procured on the seller's terms✓ Correct
BThe property closes escrow
CThe listing is entered into the MLS
DThe buyer signs the offer
Explanation
Under traditional agency law, a broker earns commission when a ready, willing, and able buyer is procured meeting the seller's terms, unless the listing agreement specifies otherwise.
Related North Carolina Contracts Questions
- A NC buyer's offer contains a clause stating 'Seller shall make all repairs identified by home inspector.' This is an example of:
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