Contracts
Under an Alaska exclusive agency listing, the seller may:
ANot sell the property without owing a commission to any broker
BSell the property themselves without owing a commission to the listing broker✓ Correct
CList with multiple brokers simultaneously
DCancel the listing at any time without cause
Explanation
Under an exclusive agency listing, only one broker is authorized to represent the seller. However, the seller retains the right to sell the property themselves without owing a commission — unlike an exclusive right-to-sell listing.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Math Concepts
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