Contracts
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 commission✓ Correct
CTerminate the listing at any time without penalty
DAccept verbal offers without written confirmation
Explanation
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.
Related Delaware Contracts Questions
- What is an 'assignment' of a real estate contract in Delaware?
- What is a 'material fact' that must be disclosed under Delaware real estate law?
- What is 'earnest money' versus 'option fee' in a Delaware purchase contract?
- What is a 'right of first refusal' in a Delaware real estate context?
- What is a 'bill of sale' in a Delaware real estate transaction?
- What is a 'walk-through' inspection before closing in Delaware?
- What is 'consideration' in a Delaware real estate contract?
- Under a Delaware real estate contract, what is 'specific performance'?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →