Contracts
An exclusive agency listing differs from an exclusive right-to-sell listing in that:
AOnly one agent may show the property
BThe owner may sell the property independently without owing a commission✓ Correct
CThe broker represents only the seller
DThe commission rate is lower
Explanation
Under an exclusive agency listing, the owner retains the right to sell the property themselves without owing a commission. The broker earns a commission only if they or another agent procures the buyer.
People Also Study
Related Delaware Questions
- A Delaware seller accepts a buyer's offer but changes the price before signing. This constitutes a:Contracts
- What is 'earnest money' (good faith deposit) in a Delaware real estate transaction?Contracts
- A Delaware broker holds earnest money in the brokerage trust account. When may the broker disburse this money without all parties' consent?Escrow & Title
- In Delaware, what is an 'earnest money deposit' (EMD) and what happens to it if the buyer defaults?Contracts
- A Delaware buyer's earnest money deposit of $12,000 represents 3% of the purchase price. What is the full purchase price?Real Estate Math
- What is 'earnest money' versus 'option fee' in a Delaware purchase contract?Contracts
- Which type of deed provides the greatest protection to the grantee in Delaware?Escrow & Title
- What is a 'gross lease' in commercial property management?Property Management
Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Math Concepts
State-Specific Concepts
Escrow Disputes
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →