Agency
In Virginia, termination of a listing agreement by the seller before expiration may result in:
AAutomatic criminal charges
BNo consequences whatsoever
CThe seller owing the broker a commission if a ready, willing, and able buyer is procured✓ Correct
DMandatory mediation by VREB
Explanation
If a seller terminates a listing agreement early and a buyer procured by the broker was ready, willing, and able to purchase at the listed terms, the seller may owe the full commission to the broker.
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