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?

Taking the listing does not guarantee a commission unless the licensee fulfills their contractual obligation by finding a buyer. The mere act of listing the property is not sufficient for commission entitlement if the sale occurs through other means, such as foreclosure.

While the property did sell during the listing period, the critical factor is that the sale was executed through a foreclosure process, not through the efforts of the licensee. Therefore, the timing of the sale does not grant the licensee a commission.

This statement is misleading; licensees can be involved in foreclosure sales under certain conditions. However, in this scenario, the fact that the property was sold at a foreclosure sale means the licensee did not participate in the sale process, which is the key reason for not receiving a commission.