Under an exclusive right-to-sell listing agreement in Rhode Island, the broker is entitled to a commission if:
Correct Answer
B) The property sells during the listing period, regardless of who procures the buyer
An exclusive right-to-sell listing agreement guarantees the broker a commission if the property is sold during the listing period, no matter who finds the buyer — including the seller themselves. This is the broadest form of listing agreement and provides the strongest commission protection for the broker.
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Related Topics & Key Terms
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Related Concepts
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.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
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