Contracts
Under a Florida exclusive right to sell listing, the broker earns a commission if the property is sold:
AOnly if the broker procures the buyer
BBy the broker, another agent, or the seller themselves during the listing term✓ Correct
COnly through the Multiple Listing Service (MLS)
DOnly if the seller agrees at closing
Explanation
An exclusive right to sell listing guarantees the broker a commission if the property is sold during the listing term by ANYONE — the listing broker, a cooperating broker, or even the seller themselves. This is the most protective listing for the broker.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Earnest MoneyA 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.
Math Concepts
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