A licensed broker who obtains an offer from a buyer is legally entitled to what if the seller initially accepts but later withdraws?

The licensed broker is entitled to a commission payment in this scenario because the broker facilitated a valid offer from the buyer, which the seller initially accepted. Under the principles of real estate agency, once a seller accepts an offer through the broker, the broker earns the right to the commission, as they provided the service of bringing a buyer to the transaction.

Even though the seller later withdraws their acceptance of the offer, the broker’s role in presenting a ready, willing, and able buyer means they have fulfilled their obligation to earn a commission. The commission is generally based on the successful conclusion of the sale, but in cases where the seller backs out after acceptance, the broker may still have rights to the commission due to their involvement in the transaction.

This situation underscores the importance of the broker's role as an intermediary and the legal agreements that define the terms of commission, regardless of the final outcome of the sale.