A licensee has an exclusive agency listing on a property. During the listing period, the property sold at a foreclosure sale. Is the licensee entitled to a commission?

While taking the listing grants the licensee certain rights, it does not automatically entitle them to a commission if they do not facilitate a sale. The commission depends on the actual sale of the property through the licensee's efforts, which did not occur in this scenario.

The timing of the sale during the listing period does not guarantee a commission for the licensee. The key factor is not just the timing but whether the licensee was responsible for bringing about the sale, which did not happen in this case due to the foreclosure.

This statement is misleading; licensees can be involved in foreclosure sales, but in this situation, it was not the licensee who sold the property. The fact that the foreclosure sale occurred independently of the licensee’s efforts is the main reason for not receiving a commission.