Contracts
Which type of listing agreement allows the seller to retain the right to sell their property themselves without paying a commission, but grants one broker the exclusive right to work with cooperating brokers?
AOpen listing
BExclusive right-to-sell listing
CExclusive agency listing✓ Correct
DNet listing
Explanation
An exclusive agency listing gives one broker the exclusive right to represent the seller and work with cooperating brokers, but allows the seller to find their own buyer without paying a commission. If the broker procures the buyer, the commission is owed.
Related South Carolina Contracts Questions
- In South Carolina, a 'home sale contingency' in a purchase contract means:
- In South Carolina, what is the effect of 'merger' at closing on the purchase contract?
- In South Carolina, a real estate contract signed under duress is:
- In South Carolina, which of the following best describes 'time is of the essence' in a real estate contract?
- In South Carolina, a 'seller's concession' in a purchase contract is a credit from the seller used to:
- A South Carolina property that is under contract but has not yet closed is said to be in 'escrow.' During this period:
- A South Carolina buyer discovers significant undisclosed defects after closing. Their legal remedy may include:
- In South Carolina, a real estate contract that is 'voidable' means:
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →