Contracts
A North Dakota seller lists their home under an 'exclusive agency' agreement. The seller later finds a buyer themselves. In this case:
AThe seller owes a full commission to the broker
BNo commission is owed to the broker if the seller finds the buyer without broker assistance✓ Correct
CThe commission is split equally between seller and broker
DThe broker retains exclusive right to represent the seller for 6 months
Explanation
Under an exclusive agency listing, the seller retains the right to sell the property themselves without paying a commission. If the seller independently finds a buyer, no commission is owed to the broker.
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