In SA, what is the difference between a sole agency and an exclusive agency agreement?
Correct Answer
B) Under a sole agency the vendor can sell privately without paying commission; under an exclusive agency the agent earns commission regardless of who finds the buyer
Under a sole agency, the agent is the only appointed agent but the vendor retains the right to sell privately without paying commission. Under an exclusive agency, the agent is entitled to commission even if the vendor finds the buyer independently.
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