A Washington Real Estate broker takes a listing for a waterfront bungalow while working for Firm A. However, before a purchase agreement is signed she terminates her affiliation and beings working for Firm B. Which of the following statements is true?
A. the listing belongs to Firm A, but Firm A will still owe a commission to the original broker
B. The listing belongs to the firm, and will remain with Firm A
C. The listing belongs to the licensee, and will go with her to Firm B
D. The listing is canceled automatically, and the seller must re-list with the broker
Answer: B. The listing belongs to the firm, and will stay with Firm A
Listing agreements are the property of a firm, not a licensee. If a licensee leaves a firm mid-transaction, the listing will belong to the firm and will not follow the licensee to a new firm. Here, the agent left before a ready willing and able buyer was found. (Generally, whether the firm owes a commission to the licensee is a matter of the licensee's employment agreement with the firm, not of law).
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