Agency
A Texas listing agreement grants the broker 'exclusive right to sell.' This means if the seller's neighbor sees a For Sale sign and directly offers to buy the property:
AThe seller can accept without owing a commission
BThe broker has earned a commission since the property is selling during the listing period✓ Correct
CThe seller must reject the offer and refer the neighbor to the broker
DOnly if the broker introduced them can a commission be earned
Explanation
Under an exclusive right to sell listing, the broker earns a commission if the property sells during the listing period — regardless of who procured the buyer. This is the broadest form of listing protection for the broker.
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