What happens if Jason sells his property himself under an exclusive agency agreement?

Study for the Kentucky Reciprocal Salesperson Test. Explore interactive flashcards and questions with detailed explanations. Ace your exam with confidence!

Under an exclusive agency agreement, the seller retains the right to sell the property themselves without incurring a commission obligation to the brokerage. This means that if Jason sells his property on his own while the exclusive agency agreement is in effect, he is not responsible for paying any commission to the brokerage. The exclusive agency agreement typically outlines that the brokerage earns a commission only if they bring a buyer, but if the seller independently finds a buyer, they are not required to compensate the brokerage. This structure encourages sellers to actively market their own properties while still having the support of the brokerage's services if needed.

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