Agency
In California, which type of listing gives only ONE broker the exclusive right to earn a commission, even if the seller finds the buyer?
AOpen listing
BExclusive agency listing
CExclusive right-to-sell listing✓ Correct
DNet listing
Explanation
An exclusive right-to-sell listing gives one broker the exclusive right to earn a commission regardless of who finds the buyer, including the seller. This is the most common listing type and provides the broker the strongest protection.
Related California Agency Questions
- Which type of agency relationship is created when a principal approves an act already performed without prior authorization?
- When a listing expires, which of the following is still required of the agent?
- Which of the following actions would be a violation of an agent's duty of loyalty?
- Which of the following best describes a 'special agent' in real estate?
- What is 'agency by estoppel'?
- How is an agency relationship most commonly created in California real estate?
- A buyer's agent has a duty to maintain confidentiality about the buyer's motivations and financial position. Which of the following CAN the agent reveal to the seller?
- When does an agency relationship typically terminate?
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