Asked by Bradley Tyszkiewicz on Jun 04, 2024
Verified
Homeowner Ann Jameson entered into a 90-day exclusive right to sell listing agreement with a real estate broker,Bill Boor.One week later,Jameson sold the house to her neighbor,Jerry Mateo,who learned that the property was for sale when he saw the "for sale" sign in Jameson's yard.Boor contends that he is entitled to a commission on the sale.Is Boor entitled to a commission? Why or why not?
Exclusive Right
A privilege or entitlement granted to an individual or entity to be the sole provider or beneficiary of a specific service, product, or activity.
Real Estate Broker
A licensed individual or firm that acts as an intermediary between sellers and buyers of real estate, assisting in the negotiation and sale process.
Commission
A fee paid to an agent or employee for transacting a piece of business or performing a service, often calculated as a percentage of sales.
- Convey the responsibilities and privileges of individuals in property dealings, including the enactment and impact of deeds.
- Identify legal tactics and solutions for resolving property and land use conflicts.
Verified Answer
ZK
Zybrea KnightJun 06, 2024
Final Answer :
Boor is entitled to a commission.Under an exclusive right to sell listing agreement,the broker earns a commission no matter who procures the buyer during the duration of the listing contract even if it is the seller who finds the buyer.
Learning Objectives
- Convey the responsibilities and privileges of individuals in property dealings, including the enactment and impact of deeds.
- Identify legal tactics and solutions for resolving property and land use conflicts.