A seller signs an exclusive right-to-sell listing with Broker A. The next day, the seller's neighbor offers to buy the property. Under this listing type, who earns the commission?
Correct Answer
D) Broker A, because the listing guarantees compensation regardless of who finds the buyer
Under an exclusive right-to-sell listing, the broker earns a commission if the property sells during the listing term, no matter who finds the buyer — even if it is the seller personally.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
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A listing agreement creates an agency relationship between:
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