Agency
An exclusive agency listing differs from an exclusive right-to-sell listing because:
AIt allows multiple brokers to list the property
BThe seller can sell the property themselves without paying commission✓ Correct
CIt requires a higher commission rate
DIt is only valid for 30 days
Explanation
In an exclusive agency listing, the broker is the only agent authorized to sell, but if the seller finds the buyer themselves, no commission is owed. This differs from an exclusive right-to-sell.
Related California Agency Questions
- Which of the following is an example of 'puffing'?
- Under California law, the Transfer Disclosure Statement (TDS) is required for:
- When a listing expires, which of the following is still required of the agent?
- Agency by 'estoppel' means the agency is created because:
- What California form is commonly used to establish a formal buyer representation agreement?
- A listing agent who learns the seller is in financial distress must:
- A property manager hired by an owner to manage an apartment complex is an example of what type of agent?
- Under California law, a real estate licensee acting as an agent must provide the Agency Disclosure form to all parties:
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