Which of the following best describes an exclusive right-to-sell listing agreement in Wyoming?
Correct Answer
B) The broker earns a commission regardless of who finds the buyer, including the seller
An exclusive right-to-sell listing agreement guarantees the listing broker a commission no matter who procures the buyer — whether it is the broker, a cooperating agent, or even the seller themselves. This is the most common listing agreement type used in Wyoming.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
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