Under Ohio law, seller's agent Donna lists a property with an exclusive right-to-sell listing agreement. During the listing period, the seller finds a buyer through a personal connection without Donna's help. Under the exclusive right-to-sell agreement, what happens?
Correct Answer
C) Donna is entitled to the agreed commission because the exclusive right-to-sell agreement guarantees her compensation regardless of who finds the buyer
Under an exclusive right-to-sell listing agreement in Ohio, the listing agent is entitled to the agreed commission if the property sells during the listing period, regardless of who procures the buyer. This is the key feature distinguishing it from an exclusive agency listing.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
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