25. A isting broker is employed to find a purchaser and produces a full cash offer that meets the seller's terms. The seller refuses to accept the offer because he doesn't like the buyer. Which condition ext? The brokers ended to compensation since he produced a buyer v The broker is obligated to find another buyer that the seler kes in order to be compensated The broker is not ensed to compensation unl the contract is signed by all pares The broker is only ented to compensation when the contract is consummaled on the day of closing

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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29. A sting broker is employed to find a purchaser and produces a full cash offer that meets the seller's terms. The seller refuses to accept the offer because he doesn't like the buyer. Which condition
exists?
(4) The broker is entitled to compensation since he produced a buyer who met the seller's terms for the sale
A
(b) The broker is obligated to find another buyer that the seler kes in order to be compensated
(c) The troker is not entiled to compensation unit the contract is signed by all parties.
The broker is only wted to compensation when the contract is consummated on the day of closing
Transcribed Image Text:29. A sting broker is employed to find a purchaser and produces a full cash offer that meets the seller's terms. The seller refuses to accept the offer because he doesn't like the buyer. Which condition exists? (4) The broker is entitled to compensation since he produced a buyer who met the seller's terms for the sale A (b) The broker is obligated to find another buyer that the seler kes in order to be compensated (c) The troker is not entiled to compensation unit the contract is signed by all parties. The broker is only wted to compensation when the contract is consummated on the day of closing
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