Contracts
An exclusive agency listing in Ohio means:
AThe broker earns a commission regardless of who sells the property
BThe seller retains the right to sell the property themselves without paying a commission✓ Correct
COnly the listing broker may show the property
DThe seller cannot list with multiple brokers at the same time
Explanation
In an exclusive agency listing, the broker is the only agent authorized to sell the property, but the seller retains the right to sell the property themselves without paying a commission. If the broker produces the buyer, a commission is owed.
Related Ohio Contracts Questions
- A buyer and seller have a fully executed purchase contract. The buyer then asks for contract terms to change. This is called:
- In Ohio, a 'novation' in a real estate loan assumption occurs when:
- A real estate contract in Ohio can be discharged by all of the following EXCEPT:
- What is an Ohio home sale contingency and how does it affect the seller?
- Under Ohio law, which of the following is TRUE about earnest money?
- What is the Statute of Frauds' primary requirement for real estate contracts in Ohio?
- Which of the following BEST describes 'consideration' in an Ohio real estate contract?
- In Ohio, a seller who accepts an offer and then receives a higher offer cannot simply cancel the first contract because:
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →