Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![26 of 100
Jenny put a full offer on a property, which was accepted, and decided
after 3 days to cancel the contract because she changed her mind. The
listing broker:
Is due a full commission from the seller
May collect 50% of the liquidated damages if stated in the listing agreement
Must offer all liquidated damages to the seller
Is not allowed to collect any money](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F19c8b2ac-3d00-4279-9235-2c38cadea013%2F7be0ec8a-3a0a-4321-bb57-60e6ceb729f9%2Fxhn2yw_processed.png&w=3840&q=75)
Transcribed Image Text:26 of 100
Jenny put a full offer on a property, which was accepted, and decided
after 3 days to cancel the contract because she changed her mind. The
listing broker:
Is due a full commission from the seller
May collect 50% of the liquidated damages if stated in the listing agreement
Must offer all liquidated damages to the seller
Is not allowed to collect any money
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