In an exclusive listing agreement, what obligation does the seller have if they find a buyer themselves during the listing period?
Correct Answer
A) Full commission is owed to the listing agent
In an exclusive listing agreement, the agent has the exclusive right to sell the property during the listing period, regardless of who actually finds the buyer. This means the seller owes the full agreed-upon commission even if they find the buyer themselves, as this is the fundamental nature of an exclusive listing arrangement.
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In an exclusive listing agreement, what distinguishes it from an open listing arrangement?
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