A homeowner desires to sell his or her home and signs an exclusive-agency listing agreement, requiring payment of a six percent commission to the real estate agent. If shortly thereafter, before the agent has time to do anything to sell the property, the owner surprisingly finds a couple who purchases it for $400,000, the homeowner
a. must pay a commission of $24,000 to the listing agent.
b. is not obligated to pay a commission.
c. is not obligated to pay a commission, unless the agent has placed the listing in the local multiple-listing service.
d. must pay a commission of $12,000, but is entitled to retain the other half because he or she found the buyer.
b
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Indicate whether the statement is true or false
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