Question

An owner gives ABC Realty an exclusive agency listing for 60 days. Thirty days later the owner finds a buyer and sells the property without the services of ABC Realty. The:

Answer 1

The owner does not owe a commission to the ABC Realty firm.

Explanation:

• Though the owner had given ABC Realty the responsibility to find a buyer for his property, the owner managed to find a buyer on his own way before the stipulated time that had been given to the firm to find a buyer.
• Hence, because ABC Realty could not find a buyer for the property before the owner himself did, the owner does not owe any commission to the firm for listing his property.