A seller listed her residence with a broker. The broker brought an offer at full price and satisfying terms of the listing from buyers who were ready, willing, and able to pay cash for the property. However, the seller changed her mind and rejected the buyers' offer. In this situation, the seller:.

The correct answer is owes commission to the broker.

Explanation:

The remuneration of real estate agents, in most transactions, is carried out as follows:

Two agents participate in the transaction: the one that represents the seller and the one that represents the buyer; It is the seller of the property responsible for paying the commission, which generally ranges between three percent (3%) and six percent (6%) on the sale price, and which is often divided into parts equal between both agents.

The homebuyer in most cases does not pay any commission to the real estate agent.

It is normal for the owner to try to sell his real estate directly, without hiring the real estate agent, based on the belief that this saves six percent (6%) of the commission charged by this professional; and it does not notice that in reality the direct sale supposes for the owner some expenses that, for the most part, equal that percentage; and, expenses which, are assumed by the real estate agent; being some of them, those mentioned above such as: Cost of printed advertising (flyers, brochures, "open-houses"), selection of potential buyers, visits to real estate; in short, a series of activities that translate into a benefit for the seller, insofar as the real estate agent assumes responsibilities that have not only an economic value, but a security and time value that prevents it from eventual stressful situations and risk to your person and your family group.

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