What is the implication of an exclusive agency listing regarding commission if the owner sells the property themselves?

An exclusive agency listing creates a specific agreement between the property owner and the broker regarding commission payment. In this arrangement, the broker is entitled to a commission if they provide a buyer for the property. However, if the owner sells the property themselves without any assistance from the broker, they are not obligated to pay a commission. This means that the owner retains the right to sell independently and avoid commission fees, which is a key feature of the exclusive agency listing.

The implications of the other options clarify why they do not apply in this context. For instance, if the broker were to earn a full commission regardless of the owner's actions, that would instead suggest a different type of listing agreement, potentially one that is exclusive right to sell. Likewise, the idea of splitting the commission doesn't align with the structure of an exclusive agency listing, since the commission only comes into play if the broker is involved in the sale. Lastly, the idea that the listing would simply expire does not address the commission structure and obligations set forth in the exclusive agency agreement.