Under an exclusive right-to-sell listing agreement, the listing broker is entitled to a commission if:
Correct Answer
B) The property sells during the listing period, regardless of who procures the buyer
An exclusive right-to-sell listing guarantees the listing broker a commission if the property is sold 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 Maine.
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Related Topics & Key Terms
Related Topics:
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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