In an Exclusive Agency listing, who must pay a commission if the seller sells the property personally?

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Multiple Choice

In an Exclusive Agency listing, who must pay a commission if the seller sells the property personally?

Explanation:
In an Exclusive Agency listing, the seller keeps the right to sell the property themselves without owing a commission to the broker. The broker only earns a commission if they are the procuring cause or if a buyer is brought to the deal through the broker’s efforts. So, when the seller finds a buyer personally, no commission is due to the broker. This contrasts with an Exclusive Right to Sell, where the broker earns a commission regardless of who finds the buyer, and open listings or net listings involve different arrangements for compensation and exposure.

In an Exclusive Agency listing, the seller keeps the right to sell the property themselves without owing a commission to the broker. The broker only earns a commission if they are the procuring cause or if a buyer is brought to the deal through the broker’s efforts. So, when the seller finds a buyer personally, no commission is due to the broker. This contrasts with an Exclusive Right to Sell, where the broker earns a commission regardless of who finds the buyer, and open listings or net listings involve different arrangements for compensation and exposure.

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