Question: Last month, we signed a six-month listing agreement with a real estate broker to sell our Fountain Hills home. When our son found out that we were selling our home, he immediately said he would buy it. He now has the financing for the purchase, and he doesn’t want to do an inspection because he trusts us. When we told our real estate broker the good news that now we didn’t need him to sell the home, he said we still owed him the 5% commission in the listing agreement. How can we owe this 5% commission when our real estate broker didn’t show our home to one potential buyer?

Answer: There are three types of listing agreements: (1) exclusive right to sell, (2) exclusive agency and (3) open. An exclusive right to sell means that any sale of the home during the term of the listing

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