Advertisement
Wednesday, 23 October 2019
Agent Resource Center
Agent Resource Center

Question - A licensee instituting a suit to collect a commission, would have to prove all of the following except:

Written by Posted On Wednesday, 19 June 2019 05:00

(A) That he had executed his agency
(B) That he was a licensed salesperson or broker at the time of the transaction
(C) That he introduced the buyer to the seller if he had an exclusive right to sell
(D) That he was the procuring cause of the sale if he had an open listing

Answer:  (C) The broker who holds an exclusive right to sell will earn a commission regardless of who sells the property. It does not require that he introduce the buyer. A licensee must prove that he was duly licensed at the time the commission was earned.

Read 1636 times Last modified on Wednesday, 19 June 2019 06:20
Rate this item
(0 votes)

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.