Agency
An exclusive agency listing in Missouri differs from an exclusive right-to-sell because:
AThe seller can sell the property themselves without owing a commission✓ Correct
BOnly one buyer can make an offer
CThe broker guarantees a sale
DThe listing automatically renews
Explanation
Under an exclusive agency listing, the broker is the only authorized agent, but the seller retains the right to sell the property themselves without owing the broker a commission.
Related Missouri Agency Questions
- A Missouri agent representing both the buyer and seller in the same transaction is called a:
- A Missouri seller's agent learns that the buyer is willing to pay $20,000 more than their offer. The agent's duty of loyalty to the seller requires:
- In Missouri, the listing broker is responsible for the acts of salespersons affiliated with their brokerage because of the:
- Estoppel agency in Missouri arises when:
- In Missouri, a listing broker's duty to disclose the seller's listed property defects to prospective buyers comes from:
- In Missouri, when must an agent provide the agency disclosure form to a buyer?
- In Missouri, a seller who is also a licensed real estate agent selling their own home must:
- In Missouri, a listing agent who discovers during a showing that there is a material defect (e.g., foundation crack) not previously known has a duty to:
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