Contracts
An exclusive right to sell listing agreement in Georgia means:
AOnly the owner can sell the property
BThe broker earns a commission regardless of who procures the buyer, including the seller✓ Correct
COnly buyers represented by that broker can purchase the property
DThe broker has 90 days to sell before the agreement expires
Explanation
An exclusive right to sell listing guarantees the broker a commission if the property sells during the listing period, regardless of who finds the buyer — even if the owner sells the property themselves.
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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.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Math Concepts
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