Final answer:
Section D - Default and Dispute Resolution of the TAR exclusive right to sell listing agreement states what occurs if either party is in breach of contract.
Step-by-step explanation:
The section of the TAR exclusive right to sell listing agreement that states what occurs if either party is in breach of contract is Section D - Default and Dispute Resolution. This section outlines the consequences and resolution process in case of a breach.
For example, if the seller breaches the contract by selling the property to another party, the default and dispute resolution section may specify that the broker is entitled to compensation for the lost commission. Conversely, if the broker breaches the contract by failing to market the property adequately, the section may state that the seller has the right to terminate the agreement.
Overall, Section D of the listing agreement safeguards the interests of both parties and provides a framework to address breaches and resolve disputes.