Elena Bailey signs a listing stating that the brokerage earns compensation if the property sells during the listing period, even if Elena Bailey personally finds the buyer. What listing type is this?
Correct Answer
A) Exclusive right-to-sell listing
Exclusive right-to-sell listing is correct because the facts match a listing agreement under which the broker earns a commission if the property sells during the listing term, no matter who finds the buyer. That is the best description of the relationship, right, or legal concept tested here.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
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