Contracts
In Oklahoma, a real estate broker's commission is earned when the broker has:
AOnly when the transaction closes
BProcured a ready, willing, and able buyer who meets the seller's terms, unless the listing contract specifies otherwise✓ Correct
CShown the property at least 10 times
DSubmitted a written offer regardless of whether it is accepted
Explanation
Under traditional agency law, a broker earns their commission when they produce a buyer who is ready, willing, and able to purchase on the seller's terms. Most modern listing agreements tie commission to the completion of the closing.
Related Oklahoma Contracts Questions
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