Under Ohio law, what is the primary difference between an exclusive right-to-sell listing and an exclusive agency listing?
Correct Answer
C) An exclusive agency listing allows the seller to sell independently without owing a commission, while exclusive right-to-sell does not
Under Ohio law, the key difference is that in an exclusive agency listing, the seller retains the right to sell the property independently without owing a commission to the broker. In an exclusive right-to-sell, the commission is owed regardless of who finds the buyer.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Oh Agency Question
Background Knowledge for Oh Agency
Real World Application in Oh Agency
Common Mistakes to Avoid on Oh Agency Questions
Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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.
More Oh Agency Questions
Under Ohio law, buyer's agent Will represents client Amy. Amy asks Will to hold her $10,000 earnest money deposit. Under Ohio law, what must Will do with the deposit?
Under Ohio law, what distinguishes a client from a customer in a real estate transaction?
In Ohio, the Consumer Guide to Agency Relationships is prescribed by which authority?
Under Ohio's Canons of Ethics, when a licensee's personal financial interest conflicts with the best interest of a client, the licensee is required to:
Under Ohio real estate law, which of the following best describes a 'customer'?
- → Under Ohio law, which document must a licensee provide to a consumer to explain the different agency relationships available in Ohio?
- → Under Ohio law, fiduciary duties in a real estate agency relationship are owed to:
- → Under Ohio law, an agency relationship in real estate is created by:
- → Under Ohio law, when a brokerage uses designated agency, the broker's role is to:
- → Under Ohio law, which of the following must be included in a written buyer agency agreement?
- → In Ohio, dual agency occurs when:
- → Under Ohio law, dual agency requires the informed written consent of:
- → Under Ohio law, the Consumer Guide to Agency Relationships must be provided in what format?
- → Under Ohio law, when must a real estate licensee provide the Consumer Guide to Agency Relationships to a prospective client?
- → In Ohio, the term 'client' in a real estate transaction refers to: