Agency
An exclusive agency listing in Arizona differs from an exclusive right-to-sell listing in that:
AThe broker always earns a commission
BThe seller can sell the property themselves without owing the broker a commission✓ Correct
CNo cooperating agent can be used
DThe listing must be submitted to the MLS
Explanation
Under an exclusive agency listing, the listing broker earns a commission if they or a cooperating agent sells the property, BUT the seller retains the right to sell the property themselves without owing a commission.
Related Arizona Agency Questions
- When an Arizona agent represents the seller and introduces the buyer as their own client without a buyer's agreement, creating an inadvertent dual agency, the agent should:
- A listing agent who, without authorization, tells the buyer that the seller will accept $20,000 below list price has breached the duty of:
- In Arizona, an agent representing a buyer in a transaction where the buyer's brokerage also holds the listing (in-house sale) MUST:
- In Arizona, when a broker represents both the buyer and seller in the same transaction, this is known as:
- A seller's agent who learns that the buyer is desperate to purchase and will pay well above asking price must:
- Subagency in Arizona occurs when:
- A seller's agent in Arizona owes which of the following duties to an unrepresented buyer?
- An Arizona agent working with a buyer as a buyer's agent discovers the seller's property has an unpermitted addition. The agent should:
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