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The seller finds their own buyer, and they have listed that person in the listing agreement as a potential buyer. they do not owe the broker any commission.
A listing agreement is an employment contract between a broker and a seller; it is a contract for the real estate professional services of the broker, not for the transfer of real estate.
It allows the broker to act as a listing agent and find real estate buyers on seller terms. Essentially, the listing agreement allows your realtor to find a buyer for your home. An exclusive right to sell is the most widely used listing agreement.
Under this agreement, the broker has the exclusive right to market the property for a specified period of time. The listing stimulates liquidity, giving shareholders the opportunity to realize the value of their investments. It allows shareholders to trade a company's stock, sharing the risks and benefiting from any increase in institutional value.
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