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There is an oral exclusive agency agreement for Brad to list Ron's property for lease. Client Ron, however, is unhappy with the lack of detail and minimal marketing efforts from his broker, Brad. Ron decides to cancel the listing agreement and tells Brad to stop marketing the property, effective immediately. Brad ignores Ron's requests and continues marketing Ron's property and eventually finds a tenant the following month. Is Ron obligated to pay Brad a commission?
No, Brad must cease all representation activities immediately upon the first notice of Ron's wishes to terminate the listing agreement.
Yes, because Brad has spent extensive time and marketing expenses listing Ron's property.
No, because it was an oral agreement and only written agreements can be enforceable for commission reimbursements.
Yes, because Brad procured a tenant before the listing agreement expired.
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