A Pennsylvania seller signs a listing agreement with Broker Adams. While the property is listed, the seller receives an unsolicited offer directly from a neighbor. Under the listing agreement, which statement is correct?
Correct Answer
A) Broker Adams is entitled to the full commission if the seller accepts the neighbor's offer during the listing period
Under a standard exclusive right-to-sell listing agreement in Pennsylvania, the broker earns the commission regardless of who procures the buyer. If the seller accepts any offer during the listing period, including one from an unsolicited neighbor, the listing broker is entitled to the full agreed-upon commission.
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Previous Question
Tom submits an offer on a property in Bucks County using the PAR Agreement of Sale. The offer includes a financing contingency requiring Tom to apply for a mortgage within 5 days and obtain a commitment within 45 days. Tom applies on day 6. Under the agreement, what is the seller's position?
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