Under exclusive right to sell, who receives commission if the property sells during the term?

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Multiple Choice

Under exclusive right to sell, who receives commission if the property sells during the term?

Explanation:
With an exclusive right to sell, the listing brokerage is entitled to the commission if the property sells during the term of the listing, regardless of who finds the buyer. This means the broker earns their commission at closing simply because a sale occurred within the agreed term, even if the seller personally locates the buyer or another broker brings the buyer. The listing brokerage may then share the commission with the buyer’s broker according to the terms of the agreement. The seller does not receive the commission, and the arrangement is not dependent on the broker being the one who actually finds the buyer.

With an exclusive right to sell, the listing brokerage is entitled to the commission if the property sells during the term of the listing, regardless of who finds the buyer. This means the broker earns their commission at closing simply because a sale occurred within the agreed term, even if the seller personally locates the buyer or another broker brings the buyer. The listing brokerage may then share the commission with the buyer’s broker according to the terms of the agreement. The seller does not receive the commission, and the arrangement is not dependent on the broker being the one who actually finds the buyer.

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