Fred is a licensee at ABC Realty and he has a listing to sell 123 Main Street. The listing will not expire for 70 more days. If Fred decides to move his license to QRS Realty, what is the status of the listing?

While it is true that Fred may not directly qualify for a commission after leaving ABC Realty, this statement is overly absolute. Under certain conditions and agreements, he could potentially still receive a commission depending on the firm's policies and the circumstances surrounding his departure.

This statement is incorrect because listings are not owned by individual agents but by the brokerage firm. Therefore, Fred does not have an automatic right to the commission once he changes brokerages, as it remains the property of ABC Realty.

While Fred can inform the parties involved, he cannot simply move the listing to another brokerage without the consent of ABC Realty. The listing agreement is binding, and the rights to market the property and earn a commission are retained by the original brokerage.