Agency
Which of the following best describes an 'exclusive right to sell' listing in terms of agency?
AThe seller retains the right to sell without paying commission
BThe broker earns commission regardless of who sells the property during the listing period✓ Correct
COnly the listing agent may show the property
DThe broker earns commission only if they personally find the buyer
Explanation
Under an exclusive right to sell listing, the broker earns the agreed commission if the property sells during the listing period, regardless of whether the listing broker, a cooperating broker, or even the seller finds the buyer.
Related California Agency Questions
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- Which of the following best describes an 'express agency'?
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- An agent who secretly purchases a listing from their own seller without disclosure has violated which fiduciary duty?
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