A broker working under an exclusive right to sell listing agreement appears to have found w willing and able buyer. The buyer is unable to obtain financing to purchase the home. Is the broker due a commission?
A. Yes, the buyer signed a sales contract.
B. Yes. under an exclusive right to sell listing if anyone buys the property the broker is due a commission.
C. No, the broker did not produce a ready, willing and able buyer.
D. No, the property did not go to closing.
Answer: C. No, the broker did not produce a ready, willing and able buyer.
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