What occurs when a buyer procures their own buyer under an exclusive listing?

When a buyer procures their own buyer under an exclusive listing, the seller typically does not owe a commission to the listing agent for that transaction. An exclusive listing agreement is a contract where the seller agrees to give a specific real estate agent the right to sell their property. If the buyer finds another buyer independently, it generally means the agent's role is circumvented for that particular transaction.

In such scenarios, the exclusive listing stipulates that the commission arrangement applies only to sales executed through the agent. Consequently, if the buyer sources their own buyer without the involvement of the listing agent, the seller is not obligated to pay the commission to that agent because the agent did not facilitate the sale. Hence, this situation leads to the conclusion that the seller does not owe a commission, aligning perfectly with the correct answer.