Agency
Agency Practice Question
In which listing type does the agent receive commission even if the seller finds the buyer?
A
Closed listingB
Open listingC
Exclusive agencyD
Exclusive right to sellExplanation
With an exclusive right to sell listing, the broker earns a commission regardless of who finds the buyer, including the seller themselves.
More Agency Questions
A fiduciary relationship exists between:
Which duty requires an agent to keep the principal informed of all material facts?
Dual agency occurs when:
An agent who exceeds the authority granted by the principal:
A broker who represents both the buyer and seller in the same transaction without the knowledge and consent of both parties is practicing:
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