In Kentucky, when is a seller obligated to pay a commission to the listing agent under an exclusive agency agreement?

In Kentucky, under an exclusive agency agreement, a seller is obligated to pay a commission to the listing agent if any agent secures the buyer. This type of agreement allows the seller to find a buyer independently without incurring a commission to the agent if they are the one who completes the sale. However, if the listing agent, or any other agent, is responsible for bringing a buyer to the property, the seller must honor the terms of the agreement and pay the agreed commission.

The other options do not accurately reflect the conditions under which a commission is due. Changing one's mind does not create an obligation for payment; rather, it might just terminate the relationship or agreement without any financial repercussions. An increase in the listing price also does not affect the commission structure, nor does being the only agent to show the home guarantee payment unless that agent successfully secures a buyer. Understanding the specifics of exclusive agency agreements is key for both sellers and agents in navigating their obligations and rights effectively.