A seller lists a vacant parcel of land for $550,000 with the specification that a buyer must agree to an installment sale and cannot make more than a 23% cash downpayment. A potential buyer makes a full cash offer, which is rejected. Under these circumstances, does the seller owe the broker a commission?
A. Yes, he owes the full commission
B. Yes, he owes 23% of the commission
C. No, the offer did not conform to the listing
D. None of the above
Answer: C. No, the offer did not conform to the listing
Explanation: If a buyer makes an offer that does not match the terms set forth in the listing, the seller will not owe his broker a commission if the seller does not accept the offer.
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