Question 7 - Contracts Practice Test for the Real Estate License Exam

when the property is sold or exchanged, and the agent was the procuring cause of the sale, as outlined in the buyer representation agreement

upon the valuation of the property

when the agent has procured a legal and legitimate offer that leads to a mutual agreement between the buyer and seller, even if the sale is not finalized, as specified in the buyer representation agreement

when the property becomes financially secure