Under what condition is a seller in Kentucky obligated to pay a commission to the listing agent under an exclusive agency agreement?

Prepare for the Kentucky 96-Hour Salesperson Test with multiple choice questions and detailed explanations. Boost your knowledge and confidence for success!

In an exclusive agency agreement, the seller retains the right to sell the property independently without being obligated to pay a commission to the listing agent, unless the listing agent is the one who procures the buyer. Therefore, if any agent, including the listing agent, secures the buyer, the seller is obligated to pay the commission. This ensures that the agent is compensated for their efforts in marketing the property and bringing potential buyers to the table, regardless of who ultimately completes the transaction. This arrangement aims to incentivize agents to actively seek out buyers even when the seller has the option to sell on their own.

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