What is the defining characteristic of an exclusive right-to-sell listing agreement in Montana?
Correct Answer
B) The broker earns a commission regardless of who procures the buyer
In an exclusive right-to-sell listing agreement, the broker is entitled to a commission regardless of who procures the buyer — including the seller themselves. This is the key distinction from an exclusive agency listing, where the seller retains the right to sell the property independently without owing the broker a commission. The exclusive right-to-sell is the most common listing agreement used in Montana and provides the greatest protection for the broker.
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Related Topics & Key Terms
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Related Concepts
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
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