A broker obtained an owner's signature to a written and exclusive - right - of sale listing
Fantastic news! We've Found the answer you've been seeking!
Question:
A broker obtained an owner's signature to a written and exclusiverightof sale listing on a certain property. This listing read, in part, "I hereby employ broker to find a purchaser and I further agreethat I will pay broicer a commission If I, owner, any other person, firm, or corporation shall sell this property". The owner is out of town when the buyer signs an offer to purchase at the listedprice and terms. The broker, on behalf of the owner, signs the offer accepting it for the owner. The broker's listingduly authorizes him to accept the buyer's offer on behalf of the owner.vests him with the same authority as a PowerofAttorney.does not authorize the broker to bind the owner to buyer's offer.Denpowers the broker to accept, for the owner, the best offer procured by him.
Posted Date: