Under an exclusive right-to-sell listing agreement, the broker is entitled to a commission when:
Correct Answer
B) The property sells, regardless of who procures the buyer
An exclusive right-to-sell listing guarantees the broker a commission if the property sells during the listing period, no matter who finds the buyer — including the seller themselves. This is the most protective listing type for the broker and the most common form used in Alaska.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
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.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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