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 guarantees the listing broker a commission if the property sells during the listing period, no matter who finds the buyer — including the seller themselves. This distinguishes it from an exclusive agency listing, where the seller can sell the property themselves without owing the broker a commission.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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