Jason signed an exclusive agency agreement with blue mountain brokerage. what happens if jason sells the property himself?

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25-07-2022
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Jason signed an exclusive agency agreement with blue mountain brokerage. what happens if jason sells the property himself?

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shubhamsinha3013 shubhamsinha3013 · Answer 1 · 2022-08-07T14:15:12+02:00

Jason signed an exclusive agency agreement with blue mountain brokerage. If Jason sells the property himself, he isn't obligated to compensate Blue Mountain Brokerage.

Another kind of real estate listing agreement is an exclusive agency listing agreement.

By identifying himself as a selling agent, the homeowner grants the real estate agent under this kind of agreement the sole authority to sell the house.

However, a broker only receives a commission under an exclusive agency agreement if they refer buyers.

For better outcomes, the broker may collaborate with another broker and the buyer's agent under an exclusive agency listing agreement.

If the broker is unable to find buyers, the homeowner may sell the house on their own.

The homeowner is not compelled to give a commission to the broker. This less common agreement primarily benefits homeowners.

Hence, Jason is not obligated to compensate Blue Mountain Brokerage.

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