Contracts
Under Oklahoma law, an exclusive right-to-sell listing agreement means:
AThe seller may sell the property personally without owing a commission
BThe broker earns a commission regardless of who procures the buyer, even if the seller sells the property themselves✓ Correct
CThe broker has the exclusive right to set the listing price
DOnly the listing broker may show the property
Explanation
Under an exclusive right-to-sell listing, the broker earns a commission if the property is sold during the listing period regardless of who finds the buyer, including the seller themselves. This provides the broker the strongest protection.
Related Oklahoma Contracts Questions
- An Oklahoma purchase contract that contains a home inspection contingency allows the buyer to:
- An Oklahoma seller accepts a purchase offer and both parties sign. Before the buyer delivers the earnest money, the seller receives a higher offer. The seller may:
- Under Oklahoma law, an exclusive agency listing differs from an exclusive right-to-sell listing in that:
- An Oklahoma open listing agreement allows the seller to:
- Under the statute of frauds, which of the following real estate contracts MUST be in writing to be enforceable in Oklahoma?
- When a buyer's offer is accepted exactly as written by the seller, the contract becomes:
- A buyer makes an offer on a home and the seller responds with different terms. This seller response is best described as:
- A 'subject to' real estate transaction in Oklahoma means the buyer:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →