59. A listing licensee is entitled to a commission when
Answer: D
A listing licensee is entitled to a commission when the terms of the listing agreement have been met.
A listing licensee earns a commission once the specific conditions outlined in the listing agreement are fulfilled. This typically means that the licensee has successfully completed the tasks required to finalize the sale of the property.
A) the title is delivered.
This option is incorrect because the delivery of the title is a legal step in the transfer of property ownership and does not directly relate to the commission entitlement of the listing licensee. The licensee's commission is determined by the agreement and not by the completion of the title transfer.
B) an offer to purchase has been received by the seller.
While receiving an offer is an important step in the selling process, it does not guarantee that the licensee is entitled to a commission. The commission is contingent upon meeting the conditions set forth in the listing agreement, which may include the acceptance of an offer and other factors.
C) the property is shown to the eventual buyer.
Showing the property to a potential buyer is part of the marketing process but does not automatically entitle the listing licensee to a commission. The licensee must fulfill the specific terms of the listing agreement to earn their commission, which may involve more than just showing the property.
D) the terms of the listing agreement have been met.
This option is correct, as the commission for the listing licensee is based on the fulfillment of the terms outlined in the listing agreement. When all conditions are satisfied, including securing a buyer, the licensee earns their commission.
Conclusion
The correct answer, D, highlights the importance of adhering to the terms of the listing agreement for commission entitlement. Options A, B, and C fail to capture the comprehensive nature of what qualifies for commission, emphasizing that simply delivering a title, receiving an offer, or showing a property are insufficient without meeting the complete agreement conditions.