Critical to any listing contract is the question of when the broker becomes entitled to a commission. Traditionally, the broker

Question

3 years ago

9

Critical to any listing contract is the question of when the broker becomes entitled to a commission. Traditionally, the broker

is still entitled to a commission in all of the following scenarios EXCEPT:A. If the seller refuses to sell upon being presented with an offer meeting the original terms and conditionsB. If the seller cannot deliver the property for any reason due to his or her fault.C. If both the buyer and seller sign a contract but then agree to cancel it.D. If a contract is contingent upon the buyer obtaining financing and the buyer is unable to do so.

Business

1 answer:

LekaFEV [45] · Answer 1 · 2022-07-20T04:41:55+03:00

Answer:

D

Explanation:

Based on the information provided within the question it can be said that the one exception to the broker being entitled to his/her commission would be If a contract is contingent upon the buyer obtaining financing and the buyer is unable to do so. This is because in this scenario if the buyer does not obtain the financing needed he is therefore unable to buy the property and the contract will become void.