A seller signed an exclusive right-to-sell agreement with a brokerage firm. If the seller finds a suitable buyer with no assistance, the firm is entitled to full compensation from the seller.
Your listing agreement's exclusive right-to-sell clause defines how long you must provide your broker a commission on the sale of your home, even if they had nothing to do with finding the buyer.
A single broker is given the authority to represent the seller and the property under this form of listing agreement. No matter who sells the property within the term of the listing agreement, the broker will be paid a commission.
Mortgagees Right To Sell: Past Situation.
Before this provision was included in Section 69 of the Transfer of Property Act, 1882, the ability of the mortgagee to sell without the involvement of the court was a source of debate and conflicting opinions.
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