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Which listing is a violation of Tennessee license law?

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Question & Answer

Review the question and all answer choices

A

Net Listing

Correct Answer
B

Multiple Listing

Multiple Listing is not prohibited; it's a cooperative system where brokers share listings and compensation, which benefits both sellers and agents by increasing exposure to potential buyers.

C

Exclusive Agency

Exclusive Agency listings are permitted in Tennessee; they allow the seller to sell the property without paying commission but still require the seller to pay the broker if the broker finds the buyer.

D

Exclusive Right to Sell

Exclusive Right to Sell is the most common listing type and is fully compliant with Tennessee law; it guarantees the broker a commission regardless of who finds the buyer during the listing term.

Why is this correct?

Net listings are prohibited.

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