Under an exclusive right-to-sell listing agreement, the listing broker earns a commission if:
Correct Answer
B) The property sells during the listing period, regardless of who finds the buyer
An exclusive right-to-sell listing agreement guarantees the listing broker a commission if the property sells during the listing period, no matter who procures the buyer — including the seller themselves. This is the most common type of listing agreement used in Iowa and provides the greatest protection for the listing broker.
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Related Topics & Key Terms
Related Topics:
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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