Agency
When a Massachusetts broker represents the seller under an exclusive right to sell listing, the broker earns a commission if:
AOnly the broker personally finds the buyer
BThe property sells during the listing period, regardless of who finds the buyer✓ Correct
CThe seller finds the buyer without the broker's involvement
DThe property sells within 90 days of listing
Explanation
An exclusive right to sell listing entitles the listing broker to a commission if the property sells during the listing period, regardless of who procured the buyer — the broker, another agent, or even the seller themselves. This provides the broker maximum protection.
People Also Study
Related Massachusetts Questions
- An exclusive right to sell listing agreement in Massachusetts means:Contracts
- A Massachusetts listing agreement with a 'protection period' clause means the seller owes commission if:Agency
- In Massachusetts, a real estate listing expires with no sale. The seller lists with a new broker 10 days later. The first broker claims a commission when the property sells. Under the protection period clause, the first broker can collect only if:Contracts
- Which type of listing agreement gives only one broker the right to sell, but the seller retains the right to sell personally without paying a commission?Contracts
- A Massachusetts broker earns a 6% commission split equally between the listing broker and selling broker. The sale price is $750,000. If the selling broker retains 50% and pays the selling agent 50%, how much does the selling agent earn?Real Estate Math
- A Massachusetts broker earns a 5.5% commission on the sale of a $740,000 property. If the listing and selling sides split the commission equally, how much does each side receive?Real Estate Math
- A Massachusetts listing agreement that contains a provision allowing the broker to receive a commission even after the listing expires if the property is sold to someone the broker introduced during the listing—this is called a:Contracts
- A Massachusetts agent earns a $14,400 commission. This represents 2.4% of the sale price. What was the sale price?Real Estate Math
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.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Math Concepts
Study This Topic
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →