If a seller lists a property for $95,000, under which condition would a broker not receive a commission?

The correct answer is when the seller rejects a $90,000 offer. In standard real estate practice, a broker earns a commission when their efforts lead to a successful transaction, typically defined as when the property is sold. If the seller decides not to accept an offer, regardless of the offer amount, the broker has not facilitated a sale.

This situation illustrates a principle in real estate transactions: a broker's commission is contingent upon the completion of a sale per the terms agreed upon in the listing agreement. If the seller does not accept an offer, then no sale occurs, and consequently, the broker is typically not entitled to a commission.

Other options involve scenarios where negotiations or actions have occurred that do not negate the possibility of a commission. For instance, accepting a lower bid could still result in a sale, and exceeding the listing agreement or failing to market the property does not necessarily prevent the broker from receiving a commission if a sale occurs under those circumstances. Thus, rejection of an offer directly correlates with the absence of a completed transaction and the inability for the broker to earn a commission.