In which scenario would an exclusive agency listing NOT incur a commission?

In an exclusive agency listing, the property owner retains the right to sell the property on their own without incurring any commission to the broker. This type of agreement typically specifies that the broker will receive a commission if they facilitate the sale through their efforts. However, if the owner successfully finds a buyer independently, they can sell the property without paying any commission to the broker, which highlights the distinct feature of this listing agreement.

The other scenarios would likely incur a commission. If the broker finds a buyer or if the property is sold for a price above the listing agreement, the broker's commission would still apply as they were actively involved in the transaction. Additionally, canceling the listing would not automatically absolve the commission responsibility if a sale occurred within a specified time frame after the listing was active. Therefore, the unique characteristic of an exclusive agency listing allows the seller to avoid paying a commission if they handle the sale on their own.