What is the defining characteristic of an exclusive right-to-sell listing agreement?
Correct Answer
B) The broker is entitled to a commission regardless of who procures the buyer, including the seller
An exclusive right-to-sell listing agreement gives the listing broker the right to earn a commission no matter who sells the property during the listing period — including the seller themselves. This makes it the most protective type of listing agreement for the broker, and the most commonly used listing agreement in Mississippi and throughout the United States.
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Related Topics & Key Terms
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The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
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