Which listing is a violation of Tennessee license law?
Question & Answer
Review the question and all answer choices
Net Listing
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.
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.
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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