A broker found a ready willing and able buyer to purchase seller bonds house at the listing terms before agreeing to the sale seller bond introduced a new restriction stating that the sale could only be completed if the buyer agreed not to build a tennis court on the property the buyer refused and withdrew from the negotiations is the broker entitled to a commission
a. no, because seller bond never accepted the buyers first offer
b. yes, because the seller can change the terms in a listing agreement any time he wants
c. no, because the buyer did not complete the purchase
d. yes, because the broker had fulfilled the listing contract and must be paid
Answer: d. yes, because the broker had fulfilled the listing contract and must be paid
You might also like to view...
Which of the following statements is false?
A) The field of organizational behaviour is concerned with the impact of culture on organizations. B) The field of organizational behaviour is concerned with determining the most effective structure for organizations. C) "Organizational behaviour" refers to both the behaviour and attitudes of organizational members. D) If we can accurately predict organizational behaviour, then we can explain the reason for the behaviour. E) The field of organizational behaviour is concerned with both formal and informal groups in organizations.
Warranty costs is an example of external failure costs
Indicate whether this statement is true or false.