An exclusive right-to-sell listing in Alabama guarantees:
Correct Answer
B) The listing broker's commission regardless of who procures the buyer
Under an exclusive right-to-sell, the broker earns a commission if the property sells during the listing period, regardless of who finds the buyer.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
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