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WHAT IS IT CALLED WHEN THE CLIENT OBLIGATES HIMSELF TO PAY A BROKER COMMISSION IF THE PROPERTY SELLS DURING THE TERM OF THE AGREEMENT?

User Octoxan
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Final answer:

The client obligates themselves to pay a broker commission with an exclusive right-to-sell listing agreement.

Step-by-step explanation:

The concept described in the question is known as an exclusive right-to-sell listing agreement. In this type of agreement, the client (typically a homeowner) agrees to work exclusively with a specific broker to sell their property. If the property sells during the term of the agreement, the client is obligated to pay the broker a commission, regardless of who finds the buyer.

This type of agreement is commonly used in real estate transactions and helps establish a relationship between the client and the broker, ensuring that the broker's efforts are rewarded in the event of a successful sale.

User Peter Huber
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