Contracts
An exclusive right to sell listing agreement means:
AThe broker earns a commission only if they personally find the buyer
BThe broker earns a commission regardless of who sells the property, even if the seller finds the buyer✓ Correct
CThe seller can list with multiple brokers simultaneously
DThe broker has the right to purchase the property
Explanation
In an exclusive right to sell listing, the listing broker earns a commission regardless of who produces the buyer — including the seller themselves. This provides the strongest protection for the broker.
Related New York Contracts Questions
- Under New York law, a seller who fails to disclose a known latent defect that the buyer could not reasonably discover may be liable for:
- In New York, a 'binder' or 'memorandum of sale' signed before the formal contract is typically:
- The term 'closing costs' in a New York real estate transaction refers to:
- In New York, a 'binder' in a real estate transaction is:
- When a New York seller accepts a backup offer while already under contract with a primary buyer, this is:
- In New York, the equitable doctrine that allows a buyer to demand specific performance of a real estate contract is available because:
- A counteroffer legally:
- In New York, a real estate contract that contains an illegal provision is typically:
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →