An Alaska exclusive right-to-sell listing agreement means:
Why The broker earns a commission regardless of who sells the property during the listing period Is Correct
Answer B: The broker earns a commission regardless of who sells the property during the listing period
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
Key Contracts Terms in This Question
People Also Study
Related Alaska Questions
- Under an exclusive right-to-sell listing, the listing broker earns a commission if:Contracts
- In Alaska, an 'exclusive right-to-sell' listing agreement protects the broker's commission when:Agency
- In Alaska, the type of listing that gives the seller the most control over who earns the commission when the seller also finds a buyer is:Agency
- A licensee in Alaska who makes a 'net listing' agreement (where the broker keeps everything above a target price) should know that such agreements:Alaska License Law
- A licensee in Alaska is found to have engaged in misrepresentation and fraud. Which of the following disciplinary actions can the Alaska Real Estate Commission NOT impose?Alaska License Law
- A broker earns a 5% commission on the sale of a $480,000 property and splits it 50/50 with the cooperating broker. The listing salesperson receives 60% of the listing broker's half. How much does the listing salesperson earn?Real Estate Math
- The Alaska Real Estate Commission's authority to discipline a licensee extends to acts committed:Alaska License Law
- In Alaska, a 'facilitator' agency disclosure means the licensee:Agency
Key Terms to Know
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Math Concepts
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →