A real estate listing agreement in which the broker earns a commission only if they are the procuring cause of the sale is called an:
Why Open listing Is Correct
Answer C: Open listing
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 California Questions
- A listing agreement that gives one specific broker the right to sell a property, but still allows the owner to sell without paying a commission, is a:Contracts
- An agent earns 60% of the commission her broker receives. The total commission on a $520,000 sale at 5% is split 50/50 between listing and buyer's broker. How much does the agent earn?Real Estate Math
- In an exclusive right to sell listing, the listing broker earns a commission if:Contracts
- A listing agent earns a 6% commission on a sale of $875,000. The commission is split 50/50 with the buyer's agent brokerage. How much does the listing agent's brokerage receive?Real Estate Math
- A salesperson earns 60% of the commission. The total commission on a $380,000 sale at 6% is split 50/50 between listing and selling offices. What does the salesperson earn?Real Estate Math
- A listing agent and buyer's agent split a 6% commission 50/50 on a $380,000 sale. How much does each agent's broker receive?Real Estate Math
- In an exclusive right-to-sell listing, the broker earns a commission if:Agency
- Under California law, a listing agreement for the sale of a residential property must be:Contracts
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.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Math Concepts
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →