Agency
An exclusive right-to-sell listing guarantees the listing broker a commission if the property sells during the listing period:
AOnly if the broker personally finds the buyer
BRegardless of who procures the buyer, including the seller✓ Correct
COnly when the property sells above the listing price
DOnly when working cooperatively with another broker
Explanation
An exclusive right-to-sell listing is the most protective for the broker. The broker earns a commission if the property sells during the listing period regardless of who finds the buyer — including the seller themselves. This is the most common type of listing agreement.
Related Iowa Agency Questions
- An Iowa buyer's agent who discovers that the seller has an unresolved zoning violation on the property should:
- Iowa's duty of confidentiality in an agency relationship prohibits a buyer's agent from disclosing to the seller:
- Iowa's exclusive agency listing agreement differs from an exclusive right-to-sell because:
- An agent discloses to the buyer that the seller is going through a divorce and must sell quickly. This is a violation of which fiduciary duty?
- In Iowa, when a listing broker's salesperson represents the buyer, this situation may be handled as:
- An Iowa real estate agent who has a personal financial interest in a property they are selling to a client must:
- Iowa requires that real estate licensees present all written offers to the seller promptly. 'Promptly' is BEST defined as:
- Under Iowa law, which of the following is NOT a material fact that must be disclosed?
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