A seller's listing agreement with Broker A has expired. The seller then lists with Broker B. Broker A produces a buyer who is ready, willing, and able to close on the seller's home. Which statement is true of this transaction

There is no requirement for Broker B to contact Broker A to present an offer since the listing agreement with Broker A has expired. Broker B, representing the seller under a new agreement, is solely responsible for handling offers and negotiations with potential buyers.

Commission splitting typically occurs when both brokers have a valid agreement in place regarding the transaction. Since Broker A's agreement has expired and Broker B is now the sole listing agent, they do not split the commission; Broker B retains the full commission if the transaction closes successfully.

The seller is not obligated to pay Broker A a commission after the listing agreement has expired. Once the previous agreement is no longer in effect, Broker A loses any claim to a commission from the seller unless there are specific contractual terms that dictate otherwise, which is not the case here.