ContractsIntermediateDelaware Exam
Under an 'exclusive agency' listing agreement in Delaware, the seller retains the right to:
AList with multiple brokers simultaneously
BSell the property themselves without owing a commissionCorrect
CTerminate the listing at any time without penalty
DAccept verbal offers without written confirmation
Why Sell the property themselves without owing a commission Is Correct
Answer B: Sell the property themselves without owing a commission
Under an exclusive agency listing, only one broker has the right to represent the seller, but the seller may sell the property themselves without owing a commission to the broker.
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.
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