In an exclusive listing, if the owner sells the property himself, what must he do regarding the commission?

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Multiple Choice

In an exclusive listing, if the owner sells the property himself, what must he do regarding the commission?

Explanation:
In an exclusive listing, the broker is paid a commission if the property is sold during the listing period, regardless of who finds the buyer. So, if the owner sells the property himself, he still owes the commission to the listing broker because the contract gives the broker exclusive rights to market the property and guarantees compensation for a sale that occurs within the term. This recognizes the broker’s marketing effort and investment even if the seller happens to locate the buyer independently. The other options don’t fit because the contract generally obligates payment regardless of buyer representation, and it doesn’t provide for no payment or for paying double.

In an exclusive listing, the broker is paid a commission if the property is sold during the listing period, regardless of who finds the buyer. So, if the owner sells the property himself, he still owes the commission to the listing broker because the contract gives the broker exclusive rights to market the property and guarantees compensation for a sale that occurs within the term. This recognizes the broker’s marketing effort and investment even if the seller happens to locate the buyer independently. The other options don’t fit because the contract generally obligates payment regardless of buyer representation, and it doesn’t provide for no payment or for paying double.

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