Agency
When does a Vermont listing agent earn their commission if the listing is an 'exclusive right to sell' agreement?
AOnly if the agent personally shows the property to the buyer
BWhen a ready, willing, and able buyer is procured during the listing period at the seller's price and terms, or as specified in the listing agreement✓ Correct
COnly after the deed is recorded
DOnly if the buyer uses a mortgage
Explanation
Under a Vermont exclusive right to sell listing, the broker earns the commission when they procure a ready, willing, and able buyer who is willing to purchase at the seller's stated price and terms (or acceptable terms). Commission is typically earned when there is an accepted contract, but many Vermont contracts make it payable at closing.
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