Under Ohio law, which of the following is a key difference between an exclusive right-to-sell listing and an exclusive agency listing?
Correct Answer
B) Under an exclusive agency listing, the seller can sell the property independently without owing a commission to the listing broker
The key difference is that under an exclusive agency listing, the seller retains the right to sell independently without owing a commission to the broker. Under an exclusive right-to-sell, the broker earns a commission regardless of who finds the buyer.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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