Contracts
In Maine, an 'exclusive agency listing' allows the seller to:
AList with multiple brokers simultaneously
BSell the property themselves without paying a commission, while the broker also has the exclusive right to market it✓ Correct
CPrevent any other broker from showing the property
DCancel the listing at any time without penalty
Explanation
An exclusive agency listing gives one broker the exclusive right to sell, but the seller retains the right to sell the property themselves without owing a commission. This differs from an exclusive right-to-sell listing.
Related Maine Contracts Questions
- In Maine, a real estate contract that is void from its inception is one that:
- A Maine real estate contract contains an 'as-is' clause. This means:
- The Statute of Frauds in Maine requires that real estate contracts:
- A Maine buyer backs out of a purchase contract without a valid contingency. The seller may be entitled to:
- In Maine, a counteroffer by the seller legally:
- In Maine real estate, an 'addendum' differs from an 'amendment' in that:
- In Maine, a real estate contract that includes an 'as-is' clause means the buyer:
- A Maine listing agreement is a contract between:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →