Tim has an Exclusive Right of Sale Listing agreement with John. Tim produces a ready, willing and able buyer at the exact price that John was seeking. $2$ weeks before closing, John decides he doesn't want to sell his home and tells Tim to cancel the contract. Tim:

Is due a full commission from the seller

Must cancel the contract and withdraw the listing with no commission because the contract did not close

Can ask the buyer to pay his commission since the seller failed to pay him

Must go to the FREC to be paid for his work