69. 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 their commission once the conditions specified in the listing agreement are fulfilled, which typically includes the sale of the property as per the agreed terms.
A) the title is delivered.
While the delivery of the title is an important step in the property transaction process, it does not directly correlate to the entitlement of a commission for the listing licensee. The licensee's commission is determined by the fulfillment of the listing agreement's terms, not by the title transfer.
B) an offer to purchase has been received by the seller.
Receiving an offer to purchase is a significant milestone in the sales process, but it does not guarantee that the listing licensee is entitled to a commission. The agreement's terms must be fully satisfied to ensure commission entitlement, which may not occur with just an offer.
C) the property is shown to the eventual buyer.
Showing the property to a potential buyer is a critical activity in the sales process; however, it alone does not fulfill the conditions necessary for a commission to be paid. The listing licensee must meet the specific terms outlined in the listing agreement for commission entitlement.
D) the terms of the listing agreement have been met.
This option accurately reflects the conditions under which a listing licensee earns a commission. Once the seller's property is sold in accordance with the terms specified in the listing agreement, the licensee is entitled to receive their commission.
Conclusion
The correct answer, which states that the listing licensee is entitled to a commission when the terms of the listing agreement have been met, is definitive. All other options fail to address the requirement of fulfilling the specific terms of the listing agreement, which is crucial for commission entitlement. Thus, only option D correctly encapsulates the core principle governing commission payment for listing licensees.