Under Ohio law, a seller's agent who has an exclusive right-to-sell listing is entitled to a commission in all of the following situations EXCEPT:
Correct Answer
D) The listing agreement has expired and the buyer was not introduced during the listing period or any protection period
After the listing agreement and any protection period have fully expired, and if the buyer was not introduced during those periods, the agent is no longer entitled to a commission. The listing terms no longer apply.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
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