Contracts
An exclusive right to sell listing guarantees the broker a commission if the property sells:
AOnly if the broker directly produces the buyer
BDuring the listing period, regardless of who procures the buyer, including the seller✓ Correct
COnly through the MLS during the listing period
DOnly after the broker presents a written marketing plan
Explanation
The exclusive right to sell listing guarantees the broker a commission if the property sells during the listing period, regardless of who finds the buyer — even if the seller sells it themselves. This is the most common listing type and provides the greatest protection for the broker.
Related Pennsylvania Contracts Questions
- Under the Pennsylvania Association of Realtors (PAR) Standard Agreement for the Sale of Real Estate, what is the default period for a buyer to conduct a home inspection?
- In Pennsylvania, what is the significance of the 'entire agreement' (merger) clause in a real estate contract?
- What is a 'right of first refusal' clause in a Pennsylvania real estate context?
- A Pennsylvania seller's listing agreement typically provides that the seller owes commission if a sale occurs within the listing term when a ready, willing, and able buyer is produced. 'Ready, willing, and able' means the buyer:
- A Pennsylvania buyer's Agreement of Sale requires the seller to provide clear title at closing. If a title search reveals an unsatisfied judgment lien, the seller must:
- A Pennsylvania real estate salesperson who writes a contract is practicing within their license authority because:
- When a Pennsylvania seller accepts a buyer's offer and then realizes they made a mistake in the acceptance (signed the wrong counter-offer), they may:
- A Pennsylvania commercial lease's 'holdover provision' typically states that if a tenant holds over after the lease term, the tenancy converts to:
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →