Contracts (alternative)
In Maryland, an exclusive agency listing differs from an exclusive right to sell because:
AThe exclusive agency listing gives the broker the right to sell without paying a commission
BIn an exclusive agency listing, the seller retains the right to sell without owing the broker a commission✓ Correct
CThe exclusive agency listing requires more marketing effort by the broker
DThe exclusive agency listing is prohibited by MREC
Explanation
An exclusive agency listing gives the broker the exclusive right to market the property, but the seller retains the right to sell directly and pay no commission. An exclusive right-to-sell requires commission regardless of who sells.
Related Maryland Contracts (alternative) Questions
- A Maryland buyer presents a full-price, cash offer with no contingencies. The seller is legally required to:
- In Maryland, a 'subject to financing' contingency in a buyer's offer protects the buyer if:
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- In Maryland, the 'Doctrine of Impossibility' may excuse a party's contractual performance when:
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- In Maryland, a seller who accepts two offers on the same property simultaneously has:
- A Maryland seller-provided disclosure form that contains material misrepresentations gives the buyer the right to:
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