Agency
A Rhode Island seller signs a listing agreement and the agent markets the property but receives no offers before the listing expires. Is the seller obligated to pay a commission?
AYes, because the agent expended time and effort
BNo, because a commission is typically only earned when the agent produces a ready, willing, and able buyer✓ Correct
CYes, because the listing agreement requires payment regardless of outcome
DNo, but the agent may relist automatically
Explanation
A commission is typically earned when a broker produces a ready, willing, and able buyer on the seller's terms (or when a sale closes, as specified in the contract). If no buyer is produced and the listing expires, no commission is owed.
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